This note considers the treatment of risk and uncertainty in the recently established ‘social cost of carbon' (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …

Der Klimawandel birgt sowohl Risiken für den Wert unterschiedlicher Finanzanlagen als auch die Stabilität des …

We examine whether climate change news risk is priced in corporate bonds. We estimate bond covariance with climate … asset pricing implications of demand for bonds with high potential to hedge against climate risk. Moreover, when investors … are concerned about climate risk, they are willing to pay higher prices for bonds issued by firms with better …

prevent the accurate assessment of market risk. The assumption is that these gaps can be remedied via disclosure, transparency …

embrace a broad perspective of uncertainty with three components: risk (probabilities assigned by a given model), ambiguity …

risk for financial reporting. We argue that current disclosure regulation likely requires the disclosure of climate risk on …, heightened litigation risk, and increasing investor awareness. Field evidence shows that the majority of investors believe … climate risk to be financially material and to represent heightened regulatory and litigation risk. We find a misalignment of …