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Climate Economics and Finance: A Literature Review

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  • Hao Dong

    (Lingnan College, Sun Yat-Sen University, Guangzhou, China)

  • Tao Li

    (School of Social and Political Science, University of Melbourne, Melbourne, Australia)

Abstract

"Climate Economics and Finance" has risen to prominence as a crucial field, encompassing three primary dimensions: Climate Economics, Climate Finance, and the Intersection of Climate Change and Financial Markets. The adverse externalities arising from climate change, exemplifying a classic instance of "market failure" within market economic frameworks, have garnered global attention. Subsequently, we delve into the literature across three dimensions: the interplay between climate change and macroeconomics, the nexus of climate change and financial markets, and economic or financial resilience. In conclusion, we outline various promising avenues for prospective research in the realm of climate economics and finance.

Suggested Citation

  • Hao Dong & Tao Li, 2023. "Climate Economics and Finance: A Literature Review," Climate Economics and Finance, Anser Press, vol. 1(1), pages 29-45, November.
    • Handle: RePEc:bba:j00011:v:1:y:2023:i:1:p:29-45:d:251
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