The document provides an overview of financial climate risks. It delves into how climate change impacts the global financial system, distinguishing between physical risks (such as extreme weather events) and transition risks (stemming from policy changes and economic transitions towards low carbon technologies). The paper underlines the complexity of accurately defining financial climate risk, citing the integration of climate science with financial risk analysis as a significant challenge. The paper highlights the pivotal role of microfinance institutions (MFIs) in addressing financial climate risk, especially for populations vulnerable to climate change. The document emphasizes the importance of updating risk management practices within MFIs to explicitly include climate risk assessments and suggests leveraging technology to improve these practices.
Assessing the regulatory framework of financial institutions in Canada in the context of international climate risk management practices and Canadian net zero emission targets
The role of money and the financial sector in energy-economy models used for assessing climate policy
Cambridge Econometrics Ltd(剑桥计量经济学有限公司);Faculty of Science, Radboud University(拉德堡德大学理学院);Cambridge Centre for Environment, Energy and Natural Resource Governance (C-EENRG), University of Cambridge(剑桥大学环境、能源和自然资源治理中心)
Mitigating Financial Risk from Climate-Induced Agricultural Price Volatility
Chennai Mathematical Institute(金奈数学研究所);AI 4 Water LTD(AI for Water有限公司);Institute for Interdisciplinary Research(跨学科研究所);University College London(伦敦大学学院);School of Computational & Integrative Sciences, Jawaharlal Nehru University(贾瓦哈拉尔·尼赫鲁大学计算与整合科学学院)