Hurricanes hit company share prices

Research output: Contribution to specialist publicationArticle


Climate risks are often considered by environmentally aware investors. But
research suggests share prices in carbon-intensive sectors may not reflect
potential liabilities for damages from extreme weather events.

Based on the 2017 hurricane season, we estimated the top seven carbon-emitting publicly-listed companies, under a hypothetical climate liability regime, might see annual damages from North Atlantic hurricane seasons. This would amount to the order of 1-2% of their market capitalisations (or share prices) each year.

These potential financial implications are substantial. But future changes are projected to be even more significant.
Original languageEnglish
Number of pages1
Specialist publicationCitywire New Model Adviser
Publication statusPublished - 11 Jun 2018
Externally publishedYes

Bibliographical note


ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Environmental Science(all)


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