Climate Finance and Financial Risk
Both climate change and the transition to a net-zero economy pose risks to financial assets and the broader financial system—but these same risks can create opportunities for firms and investors. RFF’s Climate Finance and Financial Risk Initiative aims to identify and improve the measurement of these risks to support financial stability, a thriving economy, and a healthy environment.
Highlights
Featured Content
- Highlights
- Publications
- Events
- Editorial
- News
Media Highlight — Oct 3, 2024
Financial Times: “Can Transition Finance Get Us to a Greener Future?”
RFF Board Member Kyung-Ah Park is quoted in this article about how investors can help decarbonize hard-to-abate industries.
Report — Jul 18, 2024
Facing Wildfire Insurance Challenges: Five Lessons from the National Flood Insurance Program
What can the United States' long history of insuring flooding losses teach us about the insurability of wildfires?
Media Highlight — Jun 25, 2024
Risk.net: “US Banks Seek to Open Vendors’ Black Box on Green Data”
RFF Fellow Penny Liao comments on the Federal Reserve’s new climate scenario analysis model, which is used to help banks and regulators assess their climate risks.
Working Paper — May 10, 2024
Sorting Over Wildfire Hazard
This working paper evaluates differences in California households' willingness to accept wildfire risk based on their income level and wildfire experience.
Report — Jul 18, 2024
Facing Wildfire Insurance Challenges: Five Lessons from the National Flood Insurance Program
What can the United States' long history of insuring flooding losses teach us about the insurability of wildfires?
Working Paper — May 10, 2024
Sorting Over Wildfire Hazard
This working paper evaluates differences in California households' willingness to accept wildfire risk based on their income level and wildfire experience.
Report — Mar 13, 2024
Operational versus Capital Expenditure Risk in a Clean Energy Transition
This report analyzes the differences between risk profiles posed by fossil assets and "green" alternative assets.
Journal Article — Feb 1, 2024
Risk Disclosure and Home Prices: Evidence from California Wildfire Hazard Zones
Risk Disclosure and Home Prices: Evidence from California Wildfire Hazard Zones
RFF Live — Nov 30, 2022
Sparking Solutions: Wildfire Risk and Insurance
The third RFF Live event in the "Sparking Solutions" event series examining the role of insurance in mitigating the risks of wildfire.
RFF Live — Oct 1, 2020
Examining Climate Risks in US Financial Markets
Examining Climate Risks in US Financial Markets
EIEE Event — Jul 8, 2020
Fostering Green Finance for a Climate-Resilient Post-COVID-19 Recovery
The COVID-19 crisis can be seen as a wake-up call for our social and financial system to be better prepared for the long-term climate crisis.
Conversation with Nobel Laureate — Mar 18, 2014
Nobel Laureate Robert Engle: A Financial Approach to Environmental Risk
This event featured a discussion with Robert Engle, an expert in analyzing the movements of financial market prices and interest rates.
Resources Radio — Mar 12, 2024
What’s in the Final SEC Climate Disclosure Rule?, with James Cox
James Cox discusses a rule issued by the US Securities and Exchange Commission that mandates companies to report certain greenhouse gas emissions associated with their operations.
Common Resources — Feb 2, 2024
Verification Standards for Carbon Offsets: Breaking Down the New Proposed Guidance
In this Q&A, Alex Rau of Environmental Commodity Partners discusses new proposed guidance for verifying the quality of carbon offsets, the implications for voluntary carbon markets, and what the verification standards will look like for offsets.
Common Resources — Jan 18, 2024
Unpacking the Proposed Guidance on the 45V Tax Credit for Clean Hydrogen
The US Department of the Treasury has proposed long-awaited guidance on the implementation of the 45V tax credit for clean hydrogen production, with implications for the US hydrogen industry, emissions, and clean electricity.
Common Resources — Nov 30, 2023
Examining the Compatibility of Carbon Markets with Carbon Dioxide Removal
The combination of carbon markets and carbon dioxide removal technologies that are financed by governments could exacerbate economic inequality. Proactive policymaking can help mitigate this risk.
Media Highlight — Oct 3, 2024
Financial Times: “Can Transition Finance Get Us to a Greener Future?”
RFF Board Member Kyung-Ah Park is quoted in this article about how investors can help decarbonize hard-to-abate industries.
Media Highlight — Jun 25, 2024
Risk.net: “US Banks Seek to Open Vendors’ Black Box on Green Data”
RFF Fellow Penny Liao comments on the Federal Reserve’s new climate scenario analysis model, which is used to help banks and regulators assess their climate risks.
Media Highlight — Mar 27, 2024
Cipher: “Changes in US Tax Rules Provide Big Boost for Renewables”
RFF Board of Directors Member and Senior Advisor Jay Bartlett offers comments on tax breaks for clean energy companies.
Media Highlight — Jan 29, 2024
Mountain West News Bureau/NPR: “Some Mountain West States Rely Heavily on Fossil Fuel Revenues to Pay for Schools, Roads”
A new working paper coauthored by scholars at RFF and the University of Michigan is the focus of a radio spot aired on several western NPR stations.
