Climate Aware Asset Pricing

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On 5 November 2020, at the Climate Change, Credit Risk and Covid-19 Workshop organised by Long-Term [email protected] and EDHEC-risk institute, Riccardo Rebonato, Professor of Finance, EDHEC Business School and Lead Expert on Factor Investing Fixed Income, EDHEC-Risk Institute, gave a presentation on "Climate-Aware Asset Pricing" and examined the following issues: 

  • Are Integrated Assessment Models useful for asset pricing? What do they imply for fixed income?
  • Relative and absolute valuation of assets: picking winner and losers versus projecting economic growth.
  • “Doing well while doing good” – Does it work? Does it make sense?