Open Access
Review
Climate Economics and Finance: A Literature Review
a
Lingnan College, Sun Yat-Sen University, Guangzhou, China
b
School of Social and Political Science, University of Melbourne, Melbourne, Australia
*
Author to whom correspondence should be addressed.
CEF 2023, 3; 1(1), 3; https://doi.org/10.58567/cef01010003
Received: 14 August 2023 / Accepted: 25 September 2023 / Published Online: 3 November 2023
Abstract
"Climate Economics and Finance" has risen to prominence as a crucial field, encompassing three primary dimensions: Climate Economics, Climate Finance, and the Intersection of Climate Change and Financial Markets. The adverse externalities arising from climate change, exemplifying a classic instance of "market failure" within market economic frameworks, have garnered global attention. Subsequently, we delve into the literature across three dimensions: the interplay between climate change and macroeconomics, the nexus of climate change and financial markets, and economic or financial resilience. In conclusion, we outline various promising avenues for prospective research in the realm of climate economics and finance.
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