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  • 2023
  • Working Paper
  • HBS Working Paper Series

The Evolving Academic Field of Climate Finance

By: Matteo Gasparini and Peter Tufano
  • Format:Print
  • | Language:English
  • | Pages:27
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Abstract

The urgency and the magnitude of climate change will affect every aspect of our economies, societies, and planet. The academic finance research has begun to study the financial implications of global warming, although this body of literature is small. The field has distinct geographic tilts, draws young researchers, and much remains outside of the traditional finance domain. We explore, quantitatively and qualitatively, the emerging field of climate finance. We discuss its relevance for finance research and teaching and provide implications for financial economist and practitioners—in particular the need to incorporate this massive externality in valuation and risk analyses.

Keywords

Climate Finance; Finance Academia; Greenhouse Gas; Sustainable Finance; Financial Decisions; Educational Finance; Finance; Climate Change; Transition

Citation

Gasparini, Matteo, and Peter Tufano. "The Evolving Academic Field of Climate Finance." Harvard Business School Working Paper, No. 23-057, January 2023.
  • SSRN
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About The Author

Peter Tufano

General Management
→More Publications

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    • 2025
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    An Empirical Examination of Business Climate Alliances: Effective and/or Harmful?

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    Corporate Ownership and ESG Performance

    By: Belen Villalonga, Peter Tufano and Boya Wang
    • December 2024
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    Northvolt: Building Batteries to Fight Climate Change (B)

    By: George Serafeim, Debora L. Spar, Peter Tufano, Hugo Etchegoyhen and Emilie Billaud
More from the Authors
  • An Empirical Examination of Business Climate Alliances: Effective and/or Harmful? By: Matteo Gasparini and Peter Tufano
  • Corporate Ownership and ESG Performance By: Belen Villalonga, Peter Tufano and Boya Wang
  • Northvolt: Building Batteries to Fight Climate Change (B) By: George Serafeim, Debora L. Spar, Peter Tufano, Hugo Etchegoyhen and Emilie Billaud
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