Climate‐related risks in financial assets
E Campiglio, L Daumas, P Monnin… - Journal of Economic …, 2023 - Wiley Online Library
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 …
transition to a low‐carbon economy have become a central issue for both financial investors …
Low‐carbon transition risks for finance
G Semieniuk, E Campiglio, JF Mercure… - Wiley …, 2021 - Wiley Online Library
The transition to a low‐carbon economy will entail a large‐scale structural change. Some
industries will have to expand their relative economic weight, while other industries …
industries will have to expand their relative economic weight, while other industries …
[HTML][HTML] What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures
L Alessi, E Ossola, R Panzica - Journal of Financial Stability, 2021 - Elsevier
This study provides evidence on the existence of a negative greenium, ie a risk premium
related to the greenness of a firm, based on European individual stock returns. We define a …
related to the greenness of a firm, based on European individual stock returns. We define a …
Climate change and the financial system
I Monasterolo - Annual Review of Resource Economics, 2020 - annualreviews.org
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 …
sustainability. However, investors are largely exposed to carbon-intensive assets that could …
Near-term transition and longer-term physical climate risks of greenhouse gas emissions pathways
Policy, business, finance and civil society stakeholders are increasingly looking to compare
future emissions pathways across both their associated physical climate risks stemming from …
future emissions pathways across both their associated physical climate risks stemming from …
Climate transition risk and bank performance: Evidence from China
S Li, Z Pan - Journal of Environmental Management, 2022 - Elsevier
Under the “carbon peaking and carbon neutrality goals”, China's commercial banks are
facing a severe climate transition risk. This paper proposes a climate transition risk …
facing a severe climate transition risk. This paper proposes a climate transition risk …
Bibliometric review on sustainable finance
Unlike conventional finance, sustainable finance seeks to integrate social, environmental,
and climate change considerations into financial institutions' business strategies. The …
and climate change considerations into financial institutions' business strategies. The …
Uncertainty of climate policies and implications for economics and finance: An evolutionary economics approach
I Monasterolo, A Roventini, TJ Foxon - Ecological Economics, 2019 - Elsevier
The assessment of the socio-economic and financial impacts of climate change represents a
main source of uncertainty for policy makers and investors. However, traditional climate …
main source of uncertainty for policy makers and investors. However, traditional climate …
[HTML][HTML] The double materiality of climate physical and transition risks in the euro area
R Gourdel, I Monasterolo, N Dunz… - Journal of Financial …, 2024 - Elsevier
We analyse the double materiality of climate physical and transition risks in the euro area
economy and banking sector. First, by tailoring the EIRIN Stock-Flow Consistent behavioural …
economy and banking sector. First, by tailoring the EIRIN Stock-Flow Consistent behavioural …
In search of climate distress risk
Q Nguyen, I Diaz-Rainey, D Kuruppuarachchi - International review of …, 2023 - Elsevier
Using the Merton distance to default model we investigate whether a firm's climate risk
affects its default (distress) risk. S&P 500 non-financial firms during 2010–2019 are analysed …
affects its default (distress) risk. S&P 500 non-financial firms during 2010–2019 are analysed …