Transitioning to a low‐carbon economy will entail sweeping transformations of energy and
economic systems. A growing research body has raised concerns about the effect of such …

Highlights•Before COVID-19, financial institutions started acknowledging climate
risks.•Central banks acted boldly to ensure financial stability in the wake of the …

Climate risk assessment has emerged as a critical component in the sustainability efforts of
petroleum operations, given the increasing frequency and severity of climate-related events …

As the low-carbon energy transition advances, various risks emerge, potentially causing
delays in the transition process. Here, we presented a systematic literature review on low …

Using a text-based firm-level measure of climate policy exposure, we show that climate
policies have led to a global decline of 6.5 percent in investment among publicly traded oil …

Climate risk assessment has emerged as a critical component in the sustainability efforts of
petroleum operations, given the increasing frequency and severity of climate-related events …

We study whether climate transition risk is priced in corporate bond markets and if investors
value companies' green innovation efforts. Using confidential bond-level holdings data and …

Many types of capital stocks—natural, physical, and human—stand to lose value because of
climate policy and to become “stranded.” The owners of such assets will resist climate …

As the energy transition accelerates and renewable energy technologies become cost-
competitive with fossil fuels in many countries, the availability of finance could become a …

This literature review describes the recent empirical literature in economics and finance
focusing on how climate change‐related risks affect banks, with a particular emphasis on …