What do you think about climate finance?

We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risk as the top risk over the next 30 years. By an overwhelming margin, respondents believe that asset prices underestimate climate risks rather than overestimate them. We also tabulate opinions about the expected correlation between growth and climate change, social discount rates appropriate for projects that mitigate the effects of climate change, most influential forces for reducing climate risks, and most important research topics. (c) 2021 Elsevier B.V. All rights reserved.

Automated summary

The survey of 861 finance academics, professionals, and public sector regulators and policy economists revealed that regulatory risk is seen as the top climate risk to businesses and investors in the next five years, while physical risk is considered the top risk over the next 30 years. Respondents overwhelmingly believe that asset prices underestimate climate risks. Opinions were also gathered on the expected correlation between growth and climate change, social discount rates for projects mitigating climate change effects, influential forces for reducing climate risks, and important research topics.