This structured keyword-based literature review analyses the quantification of climate risks and their impact on financial markets and economic influences. Through an extensive examination of existing research, we extract core statements, critical success and risk factors, applied datasets,...

Climate science finds that the trend towards higher global temperatures exacerbates the risks of droughts. We investigate whether the prices of food stocks efficiently discount these risks. Using data from thirty-one countries with publicly-traded food companies, we rank these countries each...

This paper finds evidence that stock returns vary with the physical climate change exposure of firms in a predictable manner. We construct measures of exposures to physical climate changes at the firm level, and find that firms with high climate change exposures experience lower future...

We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for abatement activities, implying substantial policy...

Malawi confronts a development imperative in a context of rising temperatures and deep uncertainty about precipitation trends. We evaluate the implications of climate change for overall growth and development prospects to 2050. We focus on three impact channels: agriculture, road infrastructure,...

Empirical evidence suggests that variations in climate affect economic growth across countries over time. However, little is known about the relative impacts of climate change onto economic outcomes when global mean surface temperature (GMST) is stabilized at 1.5°C or at 2°C warming relative...

Despite a vast literature documenting the negative effects of climate change on various socio-economic outcomes, surprisingly hardly any evidence exists on the global impacts of hotter temperature on poverty. Analyzing a new global dataset of subnational poverty in 166 countries, we find higher...