Climate change has the potential to affect the global economy through physical impacts, but may also initiate regulations, policies, as well as technological innovation. Over time climate science and environmental economics have developed a better understanding of the potential impact over a...

An estimate is made of the specific risk to the fossil fuel sector from wind and solar generation and from electric vehicles. The systemic risk to investment portfolios from climate change is then analysed

The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...

We use the forward-looking information from the US and global capital markets to estimate the economic impact of global warming, specifically, long-run temperature shifts. We find that global warming carries a positive risk premium that increases with the level of temperature and that has almost...

With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended...