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

We examine the existence of physical and transition climate risk premia in euro area equity markets. To do so, we … develop two novel physical and transition risk indicators, based on text analysis, which are then used to gauge the presence … of climate risk premia. Results suggest that climate risk premia for both, transition and physical climate risk, have …

-term transition scenarios, we document a significant variance among banks in their risk exposure, with the most exposed institutions …