In recent years, the academic and policy community has been paying more attention to climate-related financial risks as a result of the recognition of climate change as a major source of risk for the financial system. Nevertheless, the measurement methodologies of climate-related financial risks still have significant gaps. This article provides an overview of the methods and approaches currently available for measuring climate-related financial risks, with the aim of pointing out their advantages and disadvantages as well as the progress made in the field. Furthermore, the study results shed new light on existing knowledge, contributing to the emerging literature on the measurement of climate-related financial risks, with implications for scholars, practitioners, policy-makers, and standard setters.
The climate-related financial risks measurement methodologies: Advances, challenges, and frontiers
Trotta A.;Piluso F.;Strano E.;
2025-01-01
Abstract
In recent years, the academic and policy community has been paying more attention to climate-related financial risks as a result of the recognition of climate change as a major source of risk for the financial system. Nevertheless, the measurement methodologies of climate-related financial risks still have significant gaps. This article provides an overview of the methods and approaches currently available for measuring climate-related financial risks, with the aim of pointing out their advantages and disadvantages as well as the progress made in the field. Furthermore, the study results shed new light on existing knowledge, contributing to the emerging literature on the measurement of climate-related financial risks, with implications for scholars, practitioners, policy-makers, and standard setters.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
