Physical climate risks, financial markets and monetary policy

Joscha Beckmann

Chapter 2 in Handbook of Climate Change and Financial Markets, 2026, pp 11-24 from Edward Elgar Publishing

Abstract: This chapter provides a comprehensive perspective on the measurement and effects of physical climate risks with a focus on financial markets and monetary policy. We start by distinguishing between the effects of natural disasters and temperature increases. In a second step, we discuss the effects on macroeconomic variables and financial markets. In particular, we discuss different transmission channels of climate risks on financial markets. We also review and summarise the empirical evidence and discuss recent trends and policy implications.

Keywords: Climate Risks; Financial Markets (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035340415
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