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 …

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 …

threshold is uncertain. Theory suggests that behavior should differ dramatically either side of a dividing line for threshold …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …

announcements, can trap the economy into a vicious circle of credibility loss, carbon-intensive investments and increasing risk …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …