This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …

Under its climate regulation, the EU is expected to become the first continent with a net-zero
emissions balance. We study the pricing of climate risks, physical and transition, within …

This note reviews the empirical evidence available in the academic literature about the
impact of climate-related risks on financial assets. It addresses three main questions: does …

The financial risks and potential systemic impacts induced by climate change and the
transition to a low‐carbon economy have become a central issue for both financial investors …

We provide first-time evidence on whether market-wide physical or transition climate risks
are priced in US stocks. Textual and narrative analysis of Reuters climate-change news over …

We construct indices of climate-related physical and transition risks using newspapers to
explore whether global stock market investors are sensitive to the different types of climate …

This research investigates the impact of climate challenges on financial markets by
introducing an innovative approach to measure climate risk, specifically the aggregate …

We survey 861 finance academics, professionals, and public sector regulators and policy
economists about climate finance topics. They identify regulatory risk as the top climate risk …

The financial system could help achieve the global climate targets by aligning investments to
sustainability. However, investors are largely exposed to carbon-intensive assets that could …

According to our survey about climate risk perceptions, institutional investors believe climate
risks have financial implications for their portfolio firms and that these risks, particularly …