research topics in climate finance

Climate finance is the study of local and global financing of public and private investment that seeks to support mitigation of and adaptation to climate change. In 2017, the Review of Financial Studies launched a competition among scholars to develop research proposals on the topic with the goal of publishing this special volume. We describe ...

Critical topics needing more research include policy designs for the blending of climate finance and international carbon markets , the evaluation of the effectiveness of interventions, particularly regarding adaptation finance , and resulting institutional learning of funding agencies and the political economy of climate finance allocation.

The aim of the Journal of Climate Finance (JCLF) is to publish high quality articles in all fields of finance related to sustainable development and climate change. The JCLF encourages interdisciplinary research on theoretical, empirical, or policy-related subjects.

We first discuss various approaches to incorporating climate risk in macro-finance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes including real estate, equities, and fixed income securities.

Topics discussed include the relationship between green finance and climate change, the impact of green finance on decarbonization, and the role of green finance in low-carbon agriculture. Furthermore, it discusses climate change and risk management, green finance in Asia, and investor behavior.

Climate Finance, authored by Nuno Fernandes, provides a comprehensive exploration of this dynamic field, offering valuable insights into the challenges, opportunities, and strategies for financial and sustainability experts and business students to address climate change in finance.

The world needs a breakthrough and a new roadmap on climate finance that can mobilise the $1 trillion per year in external finance that will be needed by 2030 for emerging markets and developing countries (EMDCs) other than China.

Climate Finance and Greener Finance. Shifting the way finance works and where investments flow is a critical focus of climate policy and driver of action. Finance for climate action needs to span the full range of policy challenges from mitigation to adaptation, to loss and damage.

In their introductory piece to the RFS special issue on climate finance, Hong, Karolyi and Sheinkman (2020) offer a broader definition: “Climate finance is the study of local and global financing of public and private investment that seeks to support mitigation of and adaptation to climate change.”.

Despite ongoing adaptation investments in climate change, several issues are yet to be addressed, leading to increasing calls to integrate climate change exposure into finance. This paper reviews t...