This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …

In the face of global systemic risks brought about by climate change, government
organizations, civil societies, and enterprises globally have begun standardizing and …

According to our survey about climate risk perceptions, institutional investors believe climate
risks have financial implications for their portfolio firms and that these risks, particularly …

We find robust empirical evidence that firms in locations with higher exposure to climate
change pay significantly higher spreads on their bank loans. To alleviate the concerns …

This paper investigates how political uncertainty interacts with an international firm's climate
risk in affecting the stock market. Using firms from 34 countries, we employ the presidential …

We use firm-level data that measure forward-looking physical climate risk to examine the
impact of climate risk on capital structure. We find that greater physical climate risk leads to …

Under its climate regulation, the EU is expected to become the first continent with a net-zero
emissions balance. We study the pricing of climate risks, physical and transition, within …

This paper examines how physical climate exposure affects firm performance and global
supply chains. We document that heat at supplier locations reduces the operating income of …

Extreme climate events and renewable energy development challenge the reliability of the
power supply, which is an important guarantee for high-quality economic development and …

This paper examines the effect of climate uncertainty on the spillover effects across the
European conventional and environmental, social, and governance (ESG) financial markets …