 Finance and climate science: worlds apart?Vincent Bouchet, Hugo Dayan and Camille Contoux Journal of Risk Research, 2022, vol. 25, issue 2, 176-197 Abstract: There is growing interest in the impact of climate change on the financial system. For financial institutions, the development of knowledge specific to climate risks requires collaboration with the academic sphere, and in particular with climate scientists. However, five years after the Paris agreement, such collaborations are scarce. Through a compared analysis of the perception and management of climate risks by financial risk managers and climate scientists, we seek to understand how different risk perceptions can be an obstacle to collaboration between these two social groups. To this end, we adopt an interdisciplinary approach based on the results of semi-structured interviews. We identify two types of differences that constitute obstacles: differences in valuation, linked to the perception of the climate threat and the vulnerability of the financial system, and differences in the construction of a relationship of risk, related to the modelling, organisation and communication of risk and uncertainty. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:jriskr:v:25:y:2022:i:2:p:176-197 Ordering information: This journal article can be ordered from DOI: 10.1080/13669877.2021.1913635 Access Statistics for this article Journal of Risk Research is currently edited by Bryan MacGregor More articles in Journal of Risk Research from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.