What Do You Think about Climate Finance?

25 Pages Posted: 4 Aug 2021

See all articles by Johannes Stroebel

Johannes Stroebel

New York University (NYU) - Leonard N. Stern School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Jeffrey Wurgler

NYU Stern School of Business; National Bureau of Economic Research (NBER)

Multiple version iconThere are 3 versions of this paper

Date Written: August 2, 2021

Abstract

We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risks as the top risk over the next 30 years. By an overwhelming margin, respondents believe that asset prices underestimate climate risks. We also tabulate opinions about the correlation between growth and climate change; social discount rates appropriate for projects that mitigate the effects of climate change; most influential forces for reducing climate risks; and, most important research topics.

Keywords: Climate finance, Environment, ESG, SRI, Social discounting

JEL Classification: G12, G14, H43, Q54

Suggested Citation

Stroebel, Johannes and Wurgler, Jeffrey A., What Do You Think about Climate Finance? (August 2, 2021). Available at SSRN: https://ssrn.com/abstract=3898013 or http://dx.doi.org/10.2139/ssrn.3898013

Johannes Stroebel

New York University (NYU) - Leonard N. Stern School of Business ( email )

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National Bureau of Economic Research (NBER) ( email )

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Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Jeffrey A. Wurgler (Contact Author)

NYU Stern School of Business ( email )

Stern School of Business
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New York, NY 10012-1126
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212-995-4233 (Fax)

HOME PAGE: http://www.stern.nyu.edu/~jwurgler/

National Bureau of Economic Research (NBER)

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