Decomposing Climate Risks in Stock Markets

Decomposing Climate Risks in Stock Markets
Author :
Publisher : International Monetary Fund
Total Pages : 34
Release :
ISBN-10 : 9798400244582
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis Decomposing Climate Risks in Stock Markets by : Chengyu Huang

Download or read book Decomposing Climate Risks in Stock Markets written by Chengyu Huang and published by International Monetary Fund. This book was released on 2023-06-30 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets out to understand and quantify the impact of climate mitigation, with a focus on climate-related news, which represents an important information source that investors use to revise their subjective assessments of climate risks. Using full-text data from Financial Times from January 2005 to March 2022, we develop machine learning-based indicators to measure risks from climate mitigation, and the direction of the risk is identified through manual labels. The documented risk premium indicates that climate mitigation news has been partially priced in the Canadian stock market. More specifically, stock prices react positively to market-wide climate-favorable news but they do not react negatively to climate-unfavorable news. The results are robust to different model specifications and across equity markets.


Decomposing Climate Risks in Stock Markets Related Books

Decomposing Climate Risks in Stock Markets
Language: en
Pages: 34
Authors: Chengyu Huang
Categories: Business & Economics
Type: BOOK - Published: 2023-06-30 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets out to understand and quantify the impact
Canada
Language: en
Pages: 63
Authors: International Monetary Fund. Western Hemisphere Dept.
Categories: Business & Economics
Type: BOOK - Published: 2022-12-08 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Canada has come through the pandemic relatively well and, as a commodity exporter, has been hit less hard than many other countries have been by Russia’s war
Public Perceptions of Canada’s Investment Climate
Language: en
Pages: 40
Authors: Flora Lutz
Categories:
Type: BOOK - Published: 2024-07-26 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Canada’s muted productivity growth during recent years has sparked concerns about the country’s investment climate. In this study, we develop a new natural
The Regional Impacts of Climate Change
Language: en
Pages: 532
Authors: Intergovernmental Panel on Climate Change. Working Group II.
Categories: Science
Type: BOOK - Published: 1998 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

Cambridge, UK : Cambridge University Press, 1998.
Green Banking and Green Central Banking
Language: en
Pages: 230
Authors: Andreas Dombret
Categories: Law
Type: BOOK - Published: 2021-10-11 - Publisher: Walter de Gruyter GmbH & Co KG

DOWNLOAD EBOOK

The books deals with the questions that really matter for green finance: Where will the money to finance the transition to a low carbon environment come from, h