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The ongoing trend of climate change—including higher temperatures and more extreme weather—will result in economic and financial losses for many businesses, households, and governments. Moreover, the uncertainty about the severity and timing of these losses is a source of financial risk. Recently,...
A Call for Action: Climate Change as a Source of Financial Risk (Network for Greening the Financial System, 2019). Emissions Gap Report 2020 (United Nations Environment Programme, 2020). Bolton, P., Despres, M., Pereira Da Silva, L. A., Samama, F. & Svartzman, R. The Green Swan:...
This study sought to determine the knowledge level of climate change among bank employees in Nigeria, their perception of climate change as financial risk. The study also seeks their opinion on management of climate change risk in banks and the Nigerian banking sector at large. Methods: Data was...
Climate-related problems "are becoming more and more pressing," said Harris, adding that "we can no longer think of it as an environmental question. It is an economic question and it is a social question." BUILDING RESILIENCE On how to minimize the impact of climate change on the global ...
Climate change will have considerable impact on the global economy. Estimates of the economic damages due to climate change have focused on the effect of average temperature, but not the effect of other important climate variables. Related research has n
Climate change is a challenge for all of humanity. The sustainable development of the Chinese nation and the future of the planet depend on tackling it successfully. 中国高度重视应对气候变化。作为世界上最大的发展中国家,...
Business news and video related to climate change and global warming, climate change stocks, clean energy, clean tech, climate policy, ESG, climate pledges, green business, adaptation, solar, wind power, nuclear, and more.
The escalating frequency and severity of extreme weather-related events—from wildfires in the US, to record heat waves in Europe, to floods in Japan—have shone a brighter regulatory spotlight on insurance risk and climate change. One federal regulator in the US went so far as to sug...
Our simulation results illustrate that in a business as usual scenario climate change is likely to have important adverse effects on the default of firms, the leverage of banks and the price of financial assets. These effects become more severe after global warming passes the 2.5 °C threshold...