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
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

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Giglio, Stefano
  • Kelly, Bryan
  • Stroebel, Johannes
  • Center for Economic Studies and Ifo Institute (CESifo)

Entstanden

  • 2020

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