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Energy finance must account for extreme weather risk

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  • Paul A. Griffin

    (University of California)

Abstract

Despite increased awareness among investors, physical climate risk from extreme weather remains surprisingly unaccounted for in financial markets. Without better knowledge of this risk, the average energy investor can only hope that the next extreme event will not trigger a sudden correction to the market values of energy firms.

Suggested Citation

  • Paul A. Griffin, 2020. "Energy finance must account for extreme weather risk," Nature Energy, Nature, vol. 5(2), pages 98-100, February.
    • Handle: RePEc:nat:natene:v:5:y:2020:i:2:d:10.1038_s41560-020-0548-2
    DOI: 10.1038/s41560-020-0548-2
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    Citations

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    Cited by:

    1. Gu, Qinen & Li, Shaofang & Tian, Sihua & Wang, Yuyouting, 2023. "Climate, geopolitical, and energy market risk interconnectedness: Evidence from a new climate risk index," Finance Research Letters, Elsevier, vol. 58(PB).
    2. Yan, Shuli & Wang, Jingyuan & Wu, Liangpeng, 2024. "Dynamics of green transition based on stock-flow consistent model considering compound risks," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 530-553.
    3. Bowditch, Euan & Santopuoli, Giovanni & Binder, Franz & del Río, Miren & La Porta, Nicola & Kluvankova, Tatiana & Lesinski, Jerzy & Motta, Renzo & Pach, Maciej & Panzacchi, Pietro & Pretzsch, Hans & T, 2020. "What is Climate-Smart Forestry? A definition from a multinational collaborative process focused on mountain regions of Europe," Ecosystem Services, Elsevier, vol. 43(C).
    4. Zhang, Dongna & Dai, Xingyu & Wang, Qunwei & Lau, Chi Keung Marco, 2023. "Impacts of weather conditions on the US commodity markets systemic interdependence across multi-timescales," Energy Economics, Elsevier, vol. 123(C).
    5. Xu, Yongan & Duong, Duy & Xu, Hualong, 2023. "Attention! Predicting crude oil prices from the perspective of extreme weather," Finance Research Letters, Elsevier, vol. 57(C).
    6. Xu, Jiuping & Tian, Yalou & Wang, Fengjuan & Yang, Guocan & Zhao, Chuandang, 2024. "Resilience-economy-environment equilibrium based configuration interaction approach towards distributed energy system in energy intensive industry parks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    7. Yan, Yumeng & Xiong, Xiong & Li, Shuo & Lu, Lei, 2022. "Will temperature change reduce stock returns? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 81(C).
    8. Xu, Xin & An, Haizhong & Huang, Shupei & Jia, Nanfei & Qi, Yajie, 2024. "Measurement of daily climate physical risks and climate transition risks faced by China's energy sector stocks," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 625-640.

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