In this paper, we analyze the connection between climate change and stock return volatility. We use temperature anomalies to measure climate change and examine the role of technology shocks. Our study covers decades of data from 1880 to 2018, and we use a new dataset to track technology shocks....

The role of the capital market in financing the energy transition, reducing global warming, and social imbalances seems invaluable. However, it is important to note that above-average investments in ESG companies can generate speculative activities and unexpected price volatility, dictated by...