The purpose of this article is to give a brief overview of what economists have attempted to study concerning climate change. Climate change and the financial system must be understood holistically. Our awareness of the immediate effects of climate disasters is also crucial, even though most studies focus on distant effects. We will examine the climate change relationship with financial system, and will discuss strategies that the financial sector could possibly implement for addressing climate change. This study identifies the causal relationships between the financial system and climate change, including adaptation and mitigation in the short period and concentrates on three specific areas, including bank behavior, asset prices, and insurance and, thus, it is found that both climate change and the financial sector are deeply entwined. As a result, this study aims to investigate the interactions and to make recommendations for policy makers.
| Published in | International Journal of Economic Behavior and Organization (Volume 11, Issue 2) |
| DOI | 10.11648/j.ijebo.20231102.15 |
| Page(s) | 80-95 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2023. Published by Science Publishing Group |
Climate Change, Greenhouse Gases, Financial Market, Stocks, Asset Price, Insurance
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APA Style
Palvinder Kaur, Manminder Kaur. (2023). Causal Relationship Between Climate and Financial Sector: A Systematic Literature Review and Policy Recommendations. International Journal of Economic Behavior and Organization, 11(2), 80-95. https://doi.org/10.11648/j.ijebo.20231102.15
ACS Style
Palvinder Kaur; Manminder Kaur. Causal Relationship Between Climate and Financial Sector: A Systematic Literature Review and Policy Recommendations. Int. J. Econ. Behav. Organ. 2023, 11(2), 80-95. doi: 10.11648/j.ijebo.20231102.15
AMA Style
Palvinder Kaur, Manminder Kaur. Causal Relationship Between Climate and Financial Sector: A Systematic Literature Review and Policy Recommendations. Int J Econ Behav Organ. 2023;11(2):80-95. doi: 10.11648/j.ijebo.20231102.15
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Download@article{10.11648/j.ijebo.20231102.15,
author = {Palvinder Kaur and Manminder Kaur},
title = {Causal Relationship Between Climate and Financial Sector: A Systematic Literature Review and Policy Recommendations},
journal = {International Journal of Economic Behavior and Organization},
volume = {11},
number = {2},
pages = {80-95},
doi = {10.11648/j.ijebo.20231102.15},
url = {https://doi.org/10.11648/j.ijebo.20231102.15},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20231102.15},
abstract = {The purpose of this article is to give a brief overview of what economists have attempted to study concerning climate change. Climate change and the financial system must be understood holistically. Our awareness of the immediate effects of climate disasters is also crucial, even though most studies focus on distant effects. We will examine the climate change relationship with financial system, and will discuss strategies that the financial sector could possibly implement for addressing climate change. This study identifies the causal relationships between the financial system and climate change, including adaptation and mitigation in the short period and concentrates on three specific areas, including bank behavior, asset prices, and insurance and, thus, it is found that both climate change and the financial sector are deeply entwined. As a result, this study aims to investigate the interactions and to make recommendations for policy makers.},
year = {2023}
}
TY - JOUR T1 - Causal Relationship Between Climate and Financial Sector: A Systematic Literature Review and Policy Recommendations AU - Palvinder Kaur AU - Manminder Kaur Y1 - 2023/06/05 PY - 2023 N1 - https://doi.org/10.11648/j.ijebo.20231102.15 DO - 10.11648/j.ijebo.20231102.15 T2 - International Journal of Economic Behavior and Organization JF - International Journal of Economic Behavior and Organization JO - International Journal of Economic Behavior and Organization SP - 80 EP - 95 PB - Science Publishing Group SN - 2328-7616 UR - https://doi.org/10.11648/j.ijebo.20231102.15 AB - The purpose of this article is to give a brief overview of what economists have attempted to study concerning climate change. Climate change and the financial system must be understood holistically. Our awareness of the immediate effects of climate disasters is also crucial, even though most studies focus on distant effects. We will examine the climate change relationship with financial system, and will discuss strategies that the financial sector could possibly implement for addressing climate change. This study identifies the causal relationships between the financial system and climate change, including adaptation and mitigation in the short period and concentrates on three specific areas, including bank behavior, asset prices, and insurance and, thus, it is found that both climate change and the financial sector are deeply entwined. As a result, this study aims to investigate the interactions and to make recommendations for policy makers. VL - 11 IS - 2 ER -
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