of this risk and tend to invest in funds with low exposure to brown assets …

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. …

system in the low-carbon transition can lead to a large underestimation of climate transition risk. The set of scenarios that … financial supervisors recommended to investors to analyse climate transition risk include scenarios labelled as ‘disorderly … reshaped depending on the timing and the extent by which financial actors assess climate risk …

institutions and show that, unlike physical risk, transition risk significantly influences systemic risk. The exposure to … transition risk appears lower for institutions with cleaner investment and lending portfolios and with higher institutional …

change is a source of financial risk and thus a part of the mandate of central banks and supervisors in preserving financial … stability. This type of risk has not been given enough attention by either supervisors or financial institutions over the past …

We investigate financial experts' beliefs about climate risk pricing and analyze how those beliefs influence stock …

. Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial … institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in …

This paper develops a framework for the short-term modelling of market risk and shock propagation in the investment … in particular climate risk, with a first-of-its-kind dual view of transition and physical climate risk exposures at the … fund level. So far, while fund managers communicate more aggressively on their awareness of climate risk, it is still …

greater with increases in a firm’s vulnerability to climate change news risk. The industry’s resistance to a timely low … news risk increase after 2013, strengthening firms’ inclination to lobby just when this activity becomes less valued by …