Global warming and extreme weather investment risks

Quintin George Rayer; Peter Pfleiderer; Karsten Haustein

Abstract

Environmentally focused investors often consider climate risks. However, potential liabilities for damages from extreme weather events due to emissions from carbon-intensive sectors present risks that may not be reflected in current share prices. Given the devastation of the 2017 Atlantic hurricane season, it is worth asking how close we are to some companies or sectors being held liable, at least partially, for their activities. The answer may be that this is closer than many expect. The evolving field of extreme weather event-attribution serves as a good example of how new science can both raise thought-provoking and important questions regarding the appropriate actions of both investors and companies under a changing climate, and answer them with increasing confidence.

Original language	English
Number of pages	2
Publication status	Published - 20 Sept 2019
Externally published	Yes
Event	Emerging Risks in Finance: Challenges and Opportunities for Investors, Institutions and Regulators.: Conference and Joint Academic/Practitioner Workshop - Concordia University, Montreal, Canada Duration: 20 Sept 2020 → 21 Sept 2020

Conference

Conference	Emerging Risks in Finance: Challenges and Opportunities for Investors, Institutions and Regulators.
Country/Territory	Canada
City	Montreal
Period	20/09/20 → 21/09/20
Other	Presented by: Thomas Walker and Dieter Gramlich

Bibliographical note

Q102

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)
Environmental Science(all)
Earth and Planetary Sciences(all)

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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abstract = "Environmentally focused investors often consider climate risks. However, potential liabilities for damages from extreme weather events due to emissions from carbon-intensive sectors present risks that may not be reflected in current share prices. Given the devastation of the 2017 Atlantic hurricane season, it is worth asking how close we are to some companies or sectors being held liable, at least partially, for their activities. The answer may be that this is closer than many expect. The evolving field of extreme weather event-attribution serves as a good example of how new science can both raise thought-provoking and important questions regarding the appropriate actions of both investors and companies under a changing climate, and answer them with increasing confidence. ",

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AU - Pfleiderer, Peter

AU - Haustein, Karsten

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Y1 - 2019/9/20

N2 - Environmentally focused investors often consider climate risks. However, potential liabilities for damages from extreme weather events due to emissions from carbon-intensive sectors present risks that may not be reflected in current share prices. Given the devastation of the 2017 Atlantic hurricane season, it is worth asking how close we are to some companies or sectors being held liable, at least partially, for their activities. The answer may be that this is closer than many expect. The evolving field of extreme weather event-attribution serves as a good example of how new science can both raise thought-provoking and important questions regarding the appropriate actions of both investors and companies under a changing climate, and answer them with increasing confidence.

AB - Environmentally focused investors often consider climate risks. However, potential liabilities for damages from extreme weather events due to emissions from carbon-intensive sectors present risks that may not be reflected in current share prices. Given the devastation of the 2017 Atlantic hurricane season, it is worth asking how close we are to some companies or sectors being held liable, at least partially, for their activities. The answer may be that this is closer than many expect. The evolving field of extreme weather event-attribution serves as a good example of how new science can both raise thought-provoking and important questions regarding the appropriate actions of both investors and companies under a changing climate, and answer them with increasing confidence.

M3 - Abstract

T2 - Emerging Risks in Finance: Challenges and Opportunities for Investors, Institutions and Regulators.

Y2 - 20 September 2020 through 21 September 2020

ER -