optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model … with a module that models the endogenous risk of experiencing an economic catastrophe if temperature increases above a … certain threshold. We find that the risk of a catastrophic outcome would encourage countries to reduce emissions even in the …

Under the influence of climate-related extremes, the world is exposed to more and more catastrophe risks. Regulation by … insurance may help realize the goal of mitigating catastrophe risk and the following losses. I explore five regulatory tools … — risk-based pricing, contract design, loss prevention services, claim management, and refusal to insure — used by …

portfolios that help mitigating climate change risk but at the same time enable harvesting well-established return drivers such …

, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …

accessible style and illustrated by multiple case studies from across the world, this book will appeal to a wide cross … professionals working in risk management, disaster risk reduction, emergencies and wider public policy fields." …

financial markets. The climate related risk is divided into three subcategories, the environmental uncertainty, the economic … climate risk and the climate policy risk, which all of them may affect the markets directly or indirectly. The perspective is … market valuation of the climate risk. …

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state …-dependent Arrow-Debreu securities. We show that this allows equalizing relative consumption differences between states of the world … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

approaches to incorporating climate risk in macro-finance models. We then review the empirical literature that explores the … risk. We conclude by proposing several promising directions for future research in climate finance. …

climate-related physical risks with a global Input-Output model. More specifically, climate-related GDP-at-risk data are used …-sectors around the world becomes observable. The findings suggest that direct GDP loss estimates can severely underestimate the … ultimate impact of physical risk because trade can lead to losses that are up to 30 times higher in the EA than what looking at …