Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers … data between 1970 and 2018, we observe that globalization increased the similarity of countries' global climate risk …

This paper empirically examines the link between the cost of sovereign borrowing and climate risk for 40 advanced and … resilience to climate risk are important factors driving the cost of sovereign borrowing at the global level. Overall, we find … that vulnerability to the direct effects of climate change matter substantially more than climate risk resilience in terms …

long-lived assets have both a direct financial risk to consider and the opportunity to create value by working proactively …