The way in which climate policy and climate risks are currently accounted for in financial and real investment decisions is inadequate. The paper demonstrates weaknesses in methods presently used and proposes an alternative that aims to bridge the duration gap between climate policy modeling and...

There is increasing concern among financial regulators that changes in the distribution and frequency of extreme weather events induced by climate change could pose a threat to global financial stability. In order to assess this risk, we develop a simple model of the propagation of...

1. An Overview of the Sustainability-Financial Risk Nexus -- 2. The Impact of Climate Change on the Banking and Insurance Industries -- 3. The Transition to a Low-carbon Economy and Stranded Assets -- 4. Sustainability-related Risks, Risk Management Frameworks and Financial Disclosure -- 5....

Nowadays climate change and global warming tend to be considered primarily through the lens of environmental degradation and increased frequency of natural calamities. Meanwhile, it is pivotal to note that the implications of this process are reaching far beyond these trends, affecting the...