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Published in:
2024 | OriginalPaper | Chapter
3. Transmission Channels of Climate Risk
Authors : Elisabetta Gualandri, Paola Bongini, Maurizio Pierigè, Marina Di Janni
Published in: Climate Risk and Financial Intermediaries
Publisher: Springer Nature Switzerland
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Abstract
In this chapter explores the transmission channels through which climate risk finds concrete materialization in the "traditional" risks. To this end, the two main climate risk drivers affecting financial institutions’ risks via micro and macroeconomic transmission channels are introduced: transition risk and physical risk. The mentioned environment and climate-related risk factors do not yet widely constitute an ad hoc risk category in risk management practices, but they are universally considered through traditional risk categories.