Climate Finance
本文综述了气候变化与金融市场互动的研究，涵盖宏观金融模型中的气候风险纳入、各类资产（房地产、股票、债券）的气候风险定价，以及投资者如何构建对冲气候风险的投资组合，并提出了未来研究方向。
In this article, we review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macrofinance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes, including real estate, equities, and fixed income securities. In this context, we also discuss how investors can use these assets to construct portfolios that hedge against climate risk. We conclude by proposing several promising directions for future research in climate finance.