Handbook of Climate Change and Financial Markets

This comprehensive Handbook analyses the effects of climate change on financial markets, examining the policy measures required to mitigate its negative impact on market efficiency and various asset classes such as stocks, bonds, currencies and other financial hedges.The chapters review the existing literature in the field, carrying out advanced econometric investigations to shed light on the implications of physical climate change and provide relevant policy advice. The contributors focus on the reduction of greenhouse gas emissions, providing detailed insight into green finance, sustainable investment and increasingly necessary ESG (environmental, social and governance) measures. They explore a range of key topics including the role of monetary and macroprudential policies, carbon taxes and allowances and improvements in national governance systems. They also compare strategies across global, local, public and corporate levels, identifying the most efficient methods of financing a sustainable green transition.The Handbook of Climate Change and Financial Markets is a valuable resource for scholars and students of financial, macro, monetary, environmental and energy economics. It is also beneficial for investors requiring appropriate portfolio and risk management strategies, as well as authorities tasked with climate change policies.