Green Swan : How Climate Change is Altering the Global Financial Landscape

Nowadays climate change and global warming tend to be considered primarily through the lens of environmental degradation and increased frequency of natural calamities. Meanwhile, it is pivotal to note that the implications of this process are reaching far beyond these trends, affecting the global financial system as well. This paper covers the impact of climate change on financial stability, sheds light on associated regulatory changes and financial institutions' initiatives as well as the current state-of-play in Russia