important data gap. We focus on German banks and measure their exposure to climate risk using CO2 emissions reported for German … bank risk, and investigate the concentration of emissions, companies, and plants within the portfolios of German banks …

. Using unique panel data, we find that households who report storm damage increased their risk taking. We do not find … provided by the insurance industry. While we cannot identify the channels through which experiencing storm damage affects risk …Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical …

Der Klimawandel birgt sowohl Risiken für den Wert unterschiedlicher Finanzanlagen als auch die Stabilität des …

2012 and 2014, each among more than 6,000 German households, we analyze the determinants of individual risk perception … associated with three kinds of natural hazards: heat waves, storms, and floods. Our focus is on the role of objective risk … are strong drivers of individual risk perception. …

criteria to hedge climate change risk because physical risks have not yet fully materialized and policies to combat climate … plausibly exogenous changes in expectations about the level of a carbon tax in Germany. The risk-adjusted return on two …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices … expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …