The Evolving Academic Field of Climate Finance

Matteo Gasparini () and Peter Tufano ()
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Matteo Gasparini: University of Oxford
Peter Tufano: Harvard Business School, General Management Unit

No 23-057, Harvard Business School Working Papers from Harvard Business School

Abstract: The urgency and the magnitude of climate change will affect every aspect of our economies, societies, and planet. The academic finance research has begun to study the financial implications of global warming, although this body of literature is small. The field has distinct geographic tilts, draws young researchers, and much remains outside of the traditional finance domain. We explore, quantitatively and qualitatively, the emerging field of climate finance. We discuss its relevance for finance research and teaching and provide implications for financial economist and practitioners—in particular the need to incorporate this massive externality in valuation and risk analyses.

Keywords: Climate Finance; Climate Change; Finance; Finance Academia; Greenhouse Gas; Sustainable Finance; Financial Decisions; Educational Finance (search for similar items in EconPapers)
Pages: 25 pages
Date: 2023-01
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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