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Climate Change and the Financial System: A Note

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  • Anastasios Xepapadeas

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.
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  • Anastasios Xepapadeas, 2020. "Climate Change and the Financial System: A Note," DEOS Working Papers 2008, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2008
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • G00 - Financial Economics - - General - - - General

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