What Do You Think About Climate Finance?

28 Pages Posted: 9 Nov 2021

See all articles by Johannes Stroebel

Johannes Stroebel

New York University (NYU); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Jeffrey Wurgler

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

Date Written: October 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 rather than overestimate them. 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, Social discounting, SRI

JEL Classification: G12, G14, H43, Q54

Suggested Citation

Stroebel, Johannes and Wurgler, Jeffrey A., What Do You Think About Climate Finance? (October 2021). CEPR Discussion Paper No. DP16622, Available at SSRN: https://ssrn.com/abstract=3960203

Johannes Stroebel (Contact Author)

New York University (NYU) ( email )

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Centre for Economic Policy Research (CEPR)

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National Bureau of Economic Research (NBER)

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Jeffrey A. Wurgler

NYU Stern School of Business ( email )

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

National Bureau of Economic Research (NBER)

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