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Climate Finance

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Abstract

In this article, we review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macrofinance 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.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

The record

Venue
Annual Review of Financial Economics
Topic
Housing Market and Economics
Field
Economics, Econometrics and Finance
Canadian institutions
Funders
York University
Keywords
Climate FinanceClimate changeClimate riskContext (archaeology)Real estateAsset (computer security)Financial economicsConstruct (python library)EconomicsBusinessFinanceGeographyComputer scienceEcology
Has abstract in OpenAlex
yes