: Transition Risk, associated with policies undertaken by governments to foster climate change mitigation and adaptation; Physical … Risk, associated with the occurrence of extreme climatic events and its impact on the bank's assets. This paper analyzes … one of the most significant hazards within the Physical Risk domain, which is Flood Risk. The measurement is focused on …

We propose and implement a method to identify shocks to transition risk, addressing key challenges regarding its … risk in the United States. These shocks have important aggregate effects, also inducing financial instability. They are …

) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk …-based and climate risk-based clean energy predictive models are explored using Clark and West's model (2007) and a modified … evidence that clean energy stocks may hedge against oil market risks. This result is robust to alternative measures of oil risk …