Handbook of climate change and financial markets / edited by Guglielmo Maria Caporale (professor of economics and finance, Department of Economics, Finance and Accounting, Brunel University of London, UK).

Format:

Book

Contributor:

Caporale, Guglielmo M., editor.

Edward Elgar Publishing, publisher.

Series:

Research handbooks in money and finance (Edward Elgar Publishing)

Research handbooks in money and finance series

Language:

English

Subjects (All):

Climatic changes--Economic aspects--Handbooks, manuals, etc.

Climatic changes.

Genre:

Electronic books.

Physical Description:

1 online resource (644 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2026.

Summary:

"This comprehensive Handbook analyses the effects of climate change on financial markets, examining the policy measures required to mitigate its negative impact on market efficiency and various asset classes such as stocks, bonds, currencies and other financial hedges. Chapters review existing literature in the field, carrying out advanced econometric investigations to shed light on the implications of physical climate change and provide relevant policy advice. Contributors focus on the reduction of greenhouse gas emissions, providing detailed insight into green finance, sustainable investment and increasingly necessary ESG (environmental, social, and governance) measures. They explore a range of key topics including the role of monetary and macroprudential policies, carbon taxes and allowances and improvements in national governance systems. They also compare strategies across global, local, public and corporate levels, identifying the most efficient methods of financing a sustainable green transition. The Handbook of Climate Change and Financial Markets is a valuable resource for scholars and students of financial, macro, monetary, environmental and energy economics. It is also beneficial for investors requiring appropriate portfolio and risk management strategies, as well as authorities tasked with climate change policies"-- Provided by publisher.

Contents:

Contents: Part I: Introduction

1. Handbook of climate change and financial markets: An overview / Guglielmo Maria Caporale

Part II: Physical climate risk and financial markets

2. Physical climate risks, financial markets and monetary policy / Joscha Beckmann

3. Physical climate effects and natural capital: Interactions and implications for economic and financial risk / Elizabeth K. Kiser and Caroline Norris

4. Climate physical risk and Asian stock market returns / Marina Albanese, Guglielmo Maria Caporale, Ida Colella, and Nicola Spagnolo

5. Climate-related physical risks and the financial sector / Celso Brunetti, Benjamin Dennis, Gurubala Kotta, and Caroline Conley Norris

6. Climate risk and financial stability: Some panel evidence for the European banking sector / Guglielmo Maria Caporale, Anamaria Diana Sova, and Robert Sova

Part III: The impact of climate change on market efficiency and on different asset classes

7. Beliefs about climate risks and market efficiency / Caterina Santi

8. Market efficiency and climate change / Alexandre C. Köberle, Sascha Dobbertin, and João Amaro de Matos

9. Testing for persistence in German green and brown stock market indices / Guglielmo Maria Caporale, Luis Alberiko Gil-Alana, Sakiru A. Solarin, and OlaOluwa S. Yaya

10. The pricing of environmental risk: An empirical analysis of the European industry portfolios / Nuno Cassola, Claudio Morana, and Elisa Ossola

11. Linkages among carbon emissions, renewable energy, stock markets, and economic growth: Evidence from the G7 countries / Eleftheria Kostika and Nikiforos Laopodis

12. Climate change and currency returns / Ilias Filippou, Mark P. Taylor, and Taizhi Wu

13. Navigating climatic risks: Insights from the wheat market and strategies for financial hedging / Giulia Nadalini and Silvia Romagnoli

Part IV: Green finance and ESG measurement

14. Financing the green transition: Exploring corporate strategies and public policy options / Agnieszka Gehringer

15. Sustainable investments: Evolution, strategies, and contribution to sustainability objectives / Dilyara Salakhova

16. Sustainable debt markets: The European perspective / Serena Fatica

17. Exploring the role of green finance in Italian SMEs: Financing the circular economy / Ginevra Coletti, Asia Guerreschi, and Massimiliano Mazzanti

18. ESG measurement uncertainty in Europe and beyond: The missing financial link and accountability / Zsuzsa R. Huszár

19. ESG momentum in international equity returns and the SDG content of financial asset portfolios / Phoebe Koundouri, Conrad Felix Michel Landis, Nikitas Pittis, and Panagiotis Samartzis

Part V: Climate change and policy issues

20. Breaking the '"tragedy of the horizon'": Taking stock of central banks' climate-risk approaches a decade after Mark Carney's speech / David Barmes, Joseph Feyertag, Agnieszka Smolenska, and Simon Dikau

21. The greening of central banks / Clara I. Gonzalez and Soledad Núñez

22. Climate change and financial regulation / Dimitri Demekas and Pierpaolo Grippa

23. Financial interdependencies between carbon markets and energy commodities: An application for the European Union emissions trading system / Andrea Flori

24. Just transition: Issues for central banks and financial regulators / Pietro Calice and Dimitri G. Demekas

25. Building scenarios for climate stress-testing exercises / Stéphane Dées, Annabelle de Gaye, and Nomëie Lisack

26. Regulatory yield curves and climate-related scenarios / Fulvio Pegoraro.

Notes:

Description based on print record.

ISBN:

9781035340422 (e-book)

Access Restriction:

Restricted for use by site license.