Climate Risks in Financial Assets
Emanuele Campiglio, Pierre Monnin and Adrian von Jagow | 4 November 2019Monetary, Discussion Notes | Tags: Asset Prices, Climate Risk, Climate Stress Tests
This note reviews the empirical evidence available in the academic literature about the impact of climate-related risks on financial assets. It addresses three main questions: does climate change already affect financial asset returns? What is the potential impact of future climate-related costs on financial asset ... continue reading