In this article, we review the literature studying interactions between climate change and
financial markets. We first discuss various approaches to incorporating climate risk in …

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 …

Climate-related financial risks (CRFR) are now recognised by central banks and supervisors
as material to their financial stability mandates. But while CRFR are considered to have …

We study whether carbon emissions affect the cross-section of US stock returns. We find that
stocks of firms with higher total carbon dioxide emissions (and changes in emissions) earn …

Do banks price the risks of climate policy change? Combining syndicated loan data with
carbon intensity data (CO 2 emissions relative to revenue) of borrowers across a wide range …

We find robust empirical evidence that firms in locations with higher exposure to climate
change pay significantly higher spreads on their bank loans. To alleviate the concerns …

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 …

We propose and implement a procedure to dynamically hedge climate change risk. We
extract innovations from climate news series that we construct through textual analysis of …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

Climate finance is the study of local and global financing of public and private investment
that seeks to support mitigation of and adaptation to climate change. In 2017, the Review of …