Arbeitspapier
Climate Finance
We review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macro-finance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes including real estate, equities, and fixed income securities. In this context, we also discuss how investors can use these assets to construct portfolios that hedge against climate risk. We conclude by proposing several promising directions for future research in climate finance.
- Sprache
-
Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 8772
- Klassifikation
-
Wirtschaft
- Thema
-
climate change
climate risk
physical risk
transition risk
ESG
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Giglio, Stefano
Kelly, Bryan
Stroebel, Johannes
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Giglio, Stefano
- Kelly, Bryan
- Stroebel, Johannes
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020