This paper aims to assess the level of credit risk (from the perspective of default risk) among Polish households … associated with the physical risks of climate change. In order to determine the potential impact of the physical risk of climate … change on household credit risk, we conducted CAWI interviews with 1,006 borrowers residing in different Polish voivodeships …

, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …

Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk … through their $12 trillion of financial asset holdings. We assess the climate risk exposure of property and casualty (P&C) and … life insurance companies in the U.S. We construct a novel physical risk factor by forming a portfolio of P&C insurers …

We propose and implement a method to identify shocks to transition risk, addressing key challenges regarding its … risk in the United States. These shocks have important aggregate effects, also inducing financial instability. They are …