Climate Change and Financial Risk

40 Pages Posted: 25 Jun 2019

See all articles by Hugues Chenet

Hugues Chenet

IESEG School of Management; University College London - UCL Institute for Sustainable Resources; Chair Energy and Prosperity

Date Written: April 2019


This paper is an introduction to climate change risk for the financial sector (banks and investors). We propose to cover how it emerged, what it means for financial institutions, what are the specific types of approaches to address it as well as current related developments in the industry, how regulation is approaching the question, and what are the next steps for academic research. The paper is aimed at financial professionals, researchers and policymakers in the area of banking and investment who seek to understand where this new field of research currently is and what evolutions are to expect. The paper’s ambition is to provide the reader with a snapshot of the current state of the art and guidance on the relevant literature to go further.

Keywords: Climate change; finance; risk

Suggested Citation

Chenet, Hugues, Climate Change and Financial Risk (April 2019). Available at SSRN: or

Hugues Chenet (Contact Author)

IESEG School of Management ( email )

Socle de la Grande Arche
1 Parvis de la Defense
Puteaux, Paris 92800


University College London - UCL Institute for Sustainable Resources ( email )

Gower Street
London, WC1E 6BT
United Kingdom

Chair Energy and Prosperity


Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
PlumX Metrics