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 them may affect the markets directly or indirectly. The perspective is … market valuation of the climate risk. …

The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …

This paper explores how the need to transition to a low-carbon economy influences firm credit risk. It develops a novel … forward-looking emission reduction targets, thereby providing a rich picture of firms' climate-related transition risk … firms' credit risk: credit ratings and the market-implied distance-to-default. High emissions tend to be associated with …

This paper explores how the need to transition to a low-carbon economy influences credit risk. It develops a novel … dataset covering firms' greenhouse gas emissions over time alongside information on strategies for managing transition risk … risk. But disclosing emissions and setting emission reduction targets are associated with lower credit risk, with the …

), the higher its transition risk. Recent Hungarian trends of this indicator alerts to significantly regrowing risks. …

climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …

; (iii) a novel set of climate-specific models to capture the direct and indirect transmission channels of climate risk …

This article discusses the need for climate change risk mitigation and why it is not the responsibility of Central … Banks to mitigate climate change risk. The paper argues that the responsibility for managing climate change risk should lie …

management of transition risk exposures. Banks that signed the Net-Zero Alliance have reduced their exposures compared to non …

Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that … carbon risk affects firms' credit spread. The effect is larger for European than North American firms and varies … to carbon risk when market-wide concern about climate change risk is elevated. Finally, lenders expect that adjustments …