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English | 2021 | ISBN: 1800611013 | 338 pages | True PDF | 33.35 MB
Mastering climate change has been recognised as a major challenge for the current decade. Besides the physical risks of climate change, the accompanying economic risks are substantial. Carbon Finance: A Risk Management View provides an in-depth analysis of how climate change will affect all aspects of financial markets and how mathematical and statistical methods can be used to analyse, model and manage the ensuing financial risks. There is a focus on the transition risk (termed carbon risk), but also a discussion of the impact of physical risks (as these risks are closely entangled) on the way to low carbon economies. This is a valuable overview for readers seeking an analysis of carbon risks from the perspective of financial risk management, utilising quantitative risk management tools.
Contents:
Prometheus BoundPrefaceAbout the AuthorsCarbon Finance - Fundamentals:
- Carbon Finance and Artificial IntelligenceDisclosure and Data RequirementMarkets for Trading Carbon Risk
Carbon Finance - Markets: - Emission Certificates on Financial and Energy MarketsCarbon Risk and Empirical Asset PricingCarbon Risk and Default RiskGreen BondsCarbon Risk and Financial InstitutionsCarbon Risk and Investors
Appendices: - Basics from Probability Theory and Financial MathematicsFederated Learning Algorithm
BibliographyIndex
Readership:Advanced undergraduates and graduates in finance and financial mathematics as well as researchers and practitioners in finance, particularly climate finance. Will also be of value for academics in applied statistics and mathematics.
