In this article, we develop a critical review of the empirical and theoretical literature concerning the impact of climate‐related risks on the price of financial assets. We first present the theoretical links
The academic and policy debate regarding the role of central banks and financial regulators in addressing climate-related financial risks has rapidly expanded in recent years. This Perspective presents the key controversies and discusses potential research and policy avenues for the future. Developing a ...
Risks of flooding and foundation problems are still barely reflected in discounts on home prices. As a result, future buyers bear these risks on their own
This chapter discusses the impact of climate risks on the financial stability of Chinese banks, drawing on research conducted by Zhang et al. (2024). Despite the absence of formal inclusion of climate risks in the policy framework of Chinese authorities,
including household names like Chevron, Exxon Mobil, BMW, and Air France-KLM, alongside most of their external auditors, are not fully accounting for climate-related risks in financial statements. This is despite significant financial risks faced from the climate crisis and net-zero p...
Financial Stability 66 Next Steps 66 Chapter 4: Climate-related Disclosures 67 Public Disclosure of Climate-related Risks 67 Public Disclosure of Climate-related Risks and Financial Stability 68 Current State of Public Climate-related Disclosures in the United States. 68 Enhancing the Quality and ...
With the Climate Financial Impact Edition of Munich Re’s Location Risk Intelligence Platform you can quantify the financial impact of physical climate risks and bring your analysis and assessment of the physical risks associated with climate change to t
The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a network-bas...
The Task Force on Climate-related Financial Disclosures (TCFD), a coalition with support from more than 300 investors with nearly $34 trillion in assets under management, recommends that companies report their “transition risks” under a 2°C decarbonization scenario. Dec...
The objective of these guidelines is to improve transparency on the risks related to climate change and the usefulness of this information for the financial sector, allowing it to take into account the risks related to climate and the way in which each organisation is managing them.TCFD report:...