Climate Risks An Investor's Field Guide to Identification and Assessment

Assess the likelihood, timing and scope of climate risks

In Climate Risks: An Investor’s Field Guide to Identification and Assessment, financial analyst Bob Buhr delivers a risk-based framework for classifying and measuring potential climate risks at the firm level, and their potential financial impacts. The author presents a “climate risk taxonomy” that encompasses a broad range of physical, transition and natural capital risks that may impact a firm’s financial profile.

The taxonomy presented in the book will be of interest to investors and lenders involved in:

• The identification and assessment of the potential scope and impact of a wide range of risks that might normally remain outside of more traditional risk or credit analysis, usually for horizon issues;
• The determination of the points at which climate risks may crystallize into real and significant financial exposure
• The assessment of the relative aggregate riskiness of portfolios exposed to climate and natural capital risks at the firm level

A rigorous and practical toolkit for the assessment and measurement of a broad range of potential climate risks, this book offers fund managers, portfolio analysts, risk experts, and other finance professionals a clear blueprint for assessing potential financial impacts at firms arising from climate change.

BOB BUHR, PHD, is an Honorary Research Fellow at Imperial College’s Centre for Climate Finance & Investment. He spent 30 years as a corporate bond analyst and is currently engaged with several NGOs on an array of climate-related issues, including natural capital and adaptation risks. He has published several reports on topics like green bonds, climate-vulnerable countries, and sovereign risks.

Preface

Chapter 1: Introduction—Why we need a risk taxonomy

Chapter 2: What should a Climate Risk Taxonomy do?

Chapter 3: The Climate Risk Taxonomy and its Constituents

Chapter 4: Physical Risks

Chapter 5: Adaptation Risks

Chapter 6: Mitigation Risks

Chapter 7: Natural Capital Risks

Chapter 8: Concluding Observations

Selected Bibliography

Acknowledgments

About the Author

Index

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