Transmission Channels of Climate Risk

Elisabetta Gualandri (), Paola Bongini (), Maurizio Pierigè () and Marina Di Janni ()
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Elisabetta Gualandri: University of Modena and Reggio Emilia
Paola Bongini: University of Milano-Bicocca
Maurizio Pierigè: Prometeia (Italy)
Marina Di Janni: Prometeia (Italy)

Chapter Chapter 3 in Climate Risk and Financial Intermediaries, 2024, pp 77-92 from Palgrave Macmillan

Abstract: Abstract In this chapter explores the transmission channels through which climate risk finds concrete materialization in the "traditional" risks. To this end, the two main climate risk drivers affecting financial institutions’ risks via micro and macroeconomic transmission channels are introduced: transition risk and physical risk. The mentioned environment and climate-related risk factors do not yet widely constitute an ad hoc risk category in risk management practices, but they are universally considered through traditional risk categories.

Keywords: Transition risk; Physical risk; Credit risk; Market risk; Liquidity risk; Operational risk; Reputational risk; Climate risk drivers; Transmission channels (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-031-54872-7_3

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DOI: 10.1007/978-3-031-54872-7_3

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