The rising burden of disease counts as one of the most salient concerns of a warming climate. These risks are especially serious in populous, rapidly growing urban landscapes of low-income, tropical countries. Surat, located on the banks of the River Tapi, has temperature and humidity patterns...

Can using the social determinants of health to develop climate change policy ‘build' resilient cities? Current climate change policy focused on resilience, while effective, can acquire more depth with a health focus. How though, is the question? The social determinants of health can act as a...

This literature overview conducts a systematic study of how the climate related risks from global warming may affect 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...

This paper presents an analytical framework to assess the probability of achieving nationally determined contributions (NDC). The prediction model based on the Kaya identity is used to simulate the pathway of carbon emission until the target year. Applying the modified STIRPAT framework (named...

Firms must estimate expected credit losses (EL) to comply with accounting standards and unexpected credit losses (UL) to determine regulatory credit risk capital. Both rely on estimates of obligor probabilities of default (PD). Investors also pay close attention to credit ratings-derived from...

This study considers the implications of long-run temperature risk in U.S. equity markets. Using raw temperature data, I create a proxy for low frequency temperature shocks and test for the existence of a priced temperature risk factor. I find no evidence supporting the existence of a...

This study provides evidence on the existence of a negative Greenium, i.e. a green risk premium, based on European individual stock returns and portfolios. By defining a green factor which is priced by the market, we offer a tool to assess a portfolio exposure to climate risk and hedge against...

This paper presents an operational framework for assessing the trajectories of production, energy, emissions, and capital accumulation to ensure the implementation of Nationally Determined Contributions (NDCs). The framework combines widely used methodologies (STIRPAT, system dynamics, and...

Using a data set on climate risk constructed by Google BERT (AI) algorithm, fine-tuned by Kölbel et al. (2022), we demonstrate that physical climate risk is materialized in US stock markets. This premium is positive, both statistically and economically significant (1.5% to 2.7% annually),...

In the presence of rising concern about climate change that potentially affects risk and return of investors’ portfolio companies, active investors might have dispersed climate risk exposures. We compute mutual fund covariance with market-wide climate change news index and find that high...