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 examine whether climate change news risk is priced in corporate bonds. We estimate bond covariance with climate … asset pricing implications of demand for bonds with high potential to hedge against climate risk. Moreover, when investors … are concerned about climate risk, they are willing to pay higher prices for bonds issued by firms with better …

that lead to these assets becoming stranded. Our result suggest that climate change implies a positive and increasing risk … risk. Transition risks lower substantially the participation of carbon intensive assets in the market portfolio, which …

The COVID-19 pandemic has led global investors to draw a parallel between pandemics and climate risk, focusing their … attention on climate risk. We examine COVID-19’s effect on investors’ awareness of climate risk by analyzing novel trading data … attention to climate risk is heterogeneous …

distribution of emission intensity. These results suggest that investors care about and price carbon risk, but only when this risk …

distribution of emission intensity. These results suggest that investors care about and price carbon risk, but only when this risk …