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The Evolving Academic Field of Climate Finance

Author

Listed:
  • Matteo Gasparini

    (University of Oxford)

  • Peter Tufano

    (Harvard Business School, General Management Unit)

Abstract

The urgency and the magnitude of climate change will affect every aspect of our economies, societies, and planet. The academic finance research has begun to study the financial implications of global warming, although this body of literature is small. The field has distinct geographic tilts, draws young researchers, and much remains outside of the traditional finance domain. We explore, quantitatively and qualitatively, the emerging field of climate finance. We discuss its relevance for finance research and teaching and provide implications for financial economist and practitioners—in particular the need to incorporate this massive externality in valuation and risk analyses.

Suggested Citation

  • Matteo Gasparini & Peter Tufano, 2023. "The Evolving Academic Field of Climate Finance," Harvard Business School Working Papers 23-057, Harvard Business School.
    • Handle: RePEc:hbs:wpaper:23-057
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    References listed on IDEAS

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    Cited by:

    1. Gasparini, Matteo, 2023. "Are financial markets pricing the net zero carbon transition? A reconsideration of the carbon premium," INET Oxford Working Papers 2023-23, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.

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    More about this item

    Keywords

    Climate Finance; Climate Change; Finance; Finance Academia; Greenhouse Gas; Sustainable Finance; Financial Decisions; Educational Finance;
    All these keywords.

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