price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

uncertainty about future climate policy is resolved. E.g. abandoning climate policy plans immediately boosts scarcity rent, market … for as long as possible. We also pay attention to how the legislative "risk" of tipping into policy action affects the …

This paper proposes a forward-looking metric of transition risk that relates financial performance and incremental …

The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …

We study the effects of carbon risk on equity prices in the US and Europe using disclosed carbon intensity data, and … an asset-pricing approach to quantify the carbon risk exposure of any given asset …