Webinar: Where is the Climate Risk Premium?

Establishing whether "green" and carbon-intensive assets carry a positive or negative risk premium matters a lot for investment managers, because it determines whether these assets act as hedges, or they add to equity risk. Unfortunately, attempts to estimate the climate risk premium empirically have met with near-insurmountable difficulties and leave the practitioner puzzled.

At this webinar, Riccardo Rebonato, Scientific Director, EDHEC-Risk Climate Impact Institute and Professor of Finance, EDHEC Business School, will explain what one may learn about the climate risk premium by employing a state-of-the-art integrated modeling approach, and discuss investment implications.

Topics covered will include:

The climate risk premium: what it is and why investors should care
Hedging climate risk: when is it possible and when should one hedge?
Are "green" assets hedges or do they add to equity risk?
What is the term structure of the climate risk premium: are long- or short-dated assets more strongly affected?
How does the climate risk premium depend on future abatement policies?
How 'robust' are these results to climate uncertainties and model limitations?
Is the market asleep at the wheel?

Riccardo Rebonato, EDHEC-Risk Climate

You can register for the webinar here

Date

Thursday 29/06/2023 - Thursday 29/06/2023

Thursday, June 29, 2023 - 4pm CEST - 3pm BST - 10am EDT

Place

Online Webinar

Contact us

For any additional information, please contact Maud Gauchon on +33 493 187 887 or at [email protected].

About EDHEC

Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.

About EDHEC-Risk Climate Impact Institute

Marking the priority assigned by the School to sustainability issues and building on its research programmes exploring the relationships between climate change and finance, EDHEC-Risk Institute became EDHEC-Risk Climate Impact Institute in October 2022. The Institute's mission is to help private and public decision-makers manage climate-related financial risks and make the best use of the financial tools available to transition to low-emission and climate-resilient economies. The Institute’s research programmes explore the relationships between climate change and finance and our key ambition is to become a leading academic reference point for long-term investors, helping them to manage the asset-pricing implications of climate change as well as mitigation and adaptation efforts.