This article reviews the literature on the financial sector impacts of natural disasters and
physical climate change risks, covering banking, insurance, stock markets, bond markets …

Purpose Environmental, social and governance (ESG) factors have become increasingly
important in investment decisions, leading to a surge in ESG investing and the rise of …

Do climate risks affect sovereign ratings? This study selects 117 countries around the globe
and constructs the ordered logit model to study the relationship between climate risks and …

The exposure of sovereigns to climate risks is priced and can affect credit ratings and debt
servicing costs. I argue that the climate risks to fiscal stability are not receiving adequate …

A debt crisis is looming in the Global South. Although international capital has partially
returned to developing and emerging economies, in many low-and middle-income countries …

Both the physical and transition-related impacts of climate change pose substantial
macroeconomic risks. Yet, markets still lack credible estimates of how climate change will …

The paper analyses the impact of several climate change metrics (performance, exposure to
extreme events, vulnerability, readiness, climate debt) on the cost of government borrowing …

This article investigates and empirically tests the link between climate change and sovereign
risk in Southeast Asia. Southeast Asian countries are among those most heavily affected by …

Asset valuations in high-carbon sectors face significant corrections due to climate risks. This
paper specifically analyses whether markets impose a penalty on long-term sovereign …

The COVID-19 pandemic and related social and economic emergencies induced massive
public spending and increased global debt. Economic recovery is now an opportunity to …