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Climate Finance / Stefano W. Giglio, Bryan Kelly, Johannes Stroebel.
- Format:
- Book
- Author/Creator:
- Giglio, Stefano W., author.
- Kelly, Bryan, author.
- Stroebel, Johannes, author.
- Series:
- Working paper series (National Bureau of Economic Research) ; no. 28226
- Language:
- English
- Subjects (All):
- Risk management.
- Physical Description:
- 1 online resource (31 pages) : illustrations.
- Place of Publication:
- Cambridge, Mass. : National Bureau of Economic Research, 2020.
- Summary:
- We review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macro-finance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes including real estate, equities, and fixed income securities. In this context, we also discuss how investors can use these assets to construct portfolios that hedge against climate risk. We conclude by proposing several promising directions for future research in climate finance.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Includes bibliographical references.
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