Climate transition and global financial stability: literature review
A review of the current literature and evidence on the impact of climate risk on global financial stability, particularly in Emerging Market and Developing Economies.
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This review looks at the current literature and evidence on climate-related financial risk, particularly in Emerging Market and Developing Economies (EMDEs), and its interactions with and implications for the international financial architecture.
It includes a focus on investment and growth and puts forward a set of key evidence gaps which further work could look to address.
The review was commissioned by DESNZ and produced by Adam Smith International, Columbia Center on Sustainable Investment, and The Carbon Trust. It was developed in response to a recommendation from UK institutional investors, and in affiliation with the EMDE Investor Taskforce.
The findings and interpretations presented in the review do not necessarily represent the views of participating organisations, including HM government.