GX & Decarbonization Research

Kazeem Isah, Sin-Yu Ho

This study examines how physical and transition climate risks affect US sectoral corporate profitability and whether green innovation improves forecast accuracy. Using a mixed-frequency ADL-MIDAS model on 2000Q1-2024Q1 data, it finds signif…

María José Gómez Yubero

This paper analyzes how climate risk monitoring can be integrated into the supervision of the Spanish CNMV, covering prudential, conduct, and macroprudential aspects. It examines capital markets' role in transition finance and the impact of…

Khaled Muhammad Hosni Sobehy, Lassaad Ben Mahjoub, Sahbi Gabsi

This paper addresses the misalignment between IFRS S2 climate risk disclosures and IAS 36 asset impairment testing. It constructs a framework combining deterministic and stochastic models (Monte Carlo with Merton Jump-Diffusion) to quantify…

Alessio Capriotti, Silvia Muzzioli

This paper empirically analyzes the relationship between sovereign bond spreads and climate risk in the Euro Area. It quantifies the impact of climate change on fiscal risk, offering new perspectives for investor risk assessment.

M. Wang, Zichen Liu

This study uses data from Chinese A-share listed manufacturing firms to empirically examine the impact of climate risk disclosure on firms' green innovation premium (GIP). The findings show that climate risk disclosure significantly enhance…

Nourseen Hosni Mohamed, M. Tahoon, Nermeen Ahmed Mamdouh

This paper empirically examines the impact of climate change risk disclosure on accounting conservatism using firms listed on the Egyptian Stock Exchange. It suggests that increased disclosure may be associated with more conservative accoun…

Aayushi Mishra, A. Arun, E. Kodra +5

This paper examines how physical climate risk affects US municipal bond markets, offering insights for investors and policymakers on the mechanisms by which climate-related disaster risk impacts municipal creditworthiness and funding costs.

Anthony Oyamendan, Babatunde Afolabi, Bojuwon Mustapha

This study empirically demonstrates that higher-quality climate risk disclosure reduces syndicated loan spreads, using 2,847 facilities from 156 banks across 23 countries (2022–2025). The effect is strongest (up to 141 bps) for green-commit…

E. Nikitina

This paper analyzes current features and trends in North-South climate adaptation assistance, finding significant quantitative growth (projected tripling of flows) and qualitative shifts including new mechanisms like the Fund for Responding…

Marjorie Hartley Ballestero

This paper analyzes the fiscal pressure from climate-related disasters in Costa Rica during 2010-2022. It finds that the country lacks sufficient own resources or external financing to cope with the increasing number of climatic events, for…

(著者不明)

This paper describes Jamaica's request for emergency financial support under the IMF's Rapid Financing Instrument after Hurricane Melissa, highlighting the role of pre-existing economic buffers and the challenges of post-disaster reconstruc…

Rim Khoury, Zhuhua Jiang, Oguzhan Ozcelebi +1

This study examines how financial uncertainty and climate risks transmit to climate-exposed assets including ESG equities, clean energy stocks, carbon allowances, and blockchain investments. Using DCC-GARCH and quantile-based methods, it fi…

Edmund Kwablah, Benjamin Amoah, Jemima Abena Yakah Amoah +1

This study examines the threshold effect of climate finance on CO2 emissions in sub-Saharan Africa (2000-2022). Using FMOLS, it finds an inverted U-shaped relationship: low levels of climate finance increase emissions, but beyond a threshol…

Y. Xue, Shehub Bin Hasan, Muhammad Kabir

This paper empirically analyzes the impact of climate change exposure on M&A activity globally. It provides evidence on how firms' vulnerability to climate risks influences their merger and acquisition decisions.

B. Fakhruddin, Sultana Jahangir

This Perspective examines climate oversight in the world's largest pension and sovereign wealth funds. Using a harmonized disclosure framework and composite climate-risk proxies, it reveals a persistent climate finance gap, with most funds …

Rinda Siaga Pangestuti, Roszy Non, E. Sadirsan

This paper analyzes volatility spillovers among the NASDAQ Clean Edge Green Energy Index (CELS), the Transition Risk Index (TRI), and Malaysia's FTSE4Good Bursa Malaysia Index (F4GBM) from 2019 to 2025 using DCC-GARCH and Diebold-Yilmaz con…

Yue Xin Chen, Xiaolong Guo, Haowei Yang +1

Using a spatial Durbin model on 21 developing Asian countries from 2013-2022, this study examines the relationship between green finance and low-carbon transition performance under the resource-curse perspective. Results show that green fin…

Hichem Saidi

Using panel data from 73 countries (37 OECD and 36 non-OECD) for 1990-2023, this study finds that climate finance and sustainable development significantly reduce CO2 emissions, confirmed by CCEP and CCEMG estimators. Renewable energy also …

Jiayu Bao

This literature review synthesizes recent evidence on climate risk pricing in financial markets, the effectiveness of mandatory disclosure in reducing emissions, carbon pricing elasticity around two, supply-chain propagation of climate shoc…

Akif Ziya Bayrak

This paper empirically examines the impact of banking activities (lending, investment) on greenhouse gas and carbon emissions in OTS member countries. It likely analyzes how bank credit influences corporate emissions or the environmental ef…