Climate change and the financial system: a note

Anastasios Xepapadeas

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2021, vol. 48, issue 1, No 2, 5-13

Abstract: Abstract 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 (search for similar items in EconPapers)
JEL-codes: G00 Q51 Q54 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s40812-020-00158-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: Climate Change and the Financial System: A Note (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:epolin:v:48:y:2021:i:1:d:10.1007_s40812-020-00158-7

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40812

DOI: 10.1007/s40812-020-00158-7

Access Statistics for this article

Economia e Politica Industriale: Journal of Industrial and Business Economics is currently edited by C. Cambini, M.G. Colombo, L. Piscitello, L. Rondi and A. Zanfei

More articles in Economia e Politica Industriale: Journal of Industrial and Business Economics from Springer, Associazione Amici di Economia e Politica Industriale
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().