Climate risk mispricing: Why better assessments matter in financing for development

Is climate change a financial risk that financial institutions need to worry about? In this brief, ECDPM’s San Bilal and Pamella Ahairwe, Anja Đuranović from the Vienna University of Economics and Business and Irene Monasterolo from EDHEC Business School and EDHEC-Risk Institute explain why they should worry, and examine how a selection of European financial institutions approach climate risk measurement.

This brief is part of the CASCADES project.