Autore
Xepapadeas, Anastasios

Titolo
Climate change and the financial system: a note
Periodico
Economia e politica industriale
Anno: 2021 - Volume: 48 - Fascicolo: 1 - Pagina iniziale: 5 - Pagina finale: 14

The economics of climate change has been analyzed extensively in terms of integrated assessment models, which link the economy with the climate. These models are of various dimensions and complexity and analyze the issue in terms of macroeconomic modeling. A central objective of this approach is to derive climate policy, which is a fiscal policy since climate change is a global externality. The financial risks associated with climate change have only recently been emphasized (Carney 2015). The purpose of this note is to briefly present both the financial risks associated with climate change and the ongoing research in this area. Keywords: Climate change, Financial risks, Physical risks, Transition risks



SICI: 0391-2078(2021)48:1<5:CCATFS>2.0.ZU;2-S

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