Carbon Finance

碳金融:风险管理视角

环境经济学

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作      者
出  版 社
出版时间
2021年11月25日
装      帧
精装
ISBN
9781800611016
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页      码
294 pp
语      种
英文
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图书简介
Mastering climate change has been recognised as a major challenge for the current decade. Besides the physical risks of climate change, the accompanying economic risks are substantial. Carbon Finance: A Risk Management View provides an in-depth analysis of how climate change will affect all aspects of financial markets and how mathematical and statistical methods can be used to analyse, model and manage the ensuing financial risks. There is a focus on the transition risk (termed carbon risk), but also a discussion of the impact of physical risks (as these risks are closely entangled) on the way to low carbon economies. This is a valuable overview for readers seeking an analysis of carbon risks from the perspective of financial risk management, utilising quantitative risk management tools.Key Features: oFirst book to analyse carbon risks on financial markets with mathematical and statistical methodsoFocuses discussion on most relevant markets (Equity, Credit) and functions (Asset Allocation, Credit Analysis, Risk Management) oProvides methodologies to quantify the likely impact of climate change on key financial risk measures (i.e., asset prices, credit spreads, etc.)oOverview of data requirements to incorporate carbon risk into investment decisions and risk management of security portfoliosoDetailed, high-quality micro-data on (a) the general nature and the carbon emissions of corporate activities, (b) key financial and carbon-emission indicators, and (c) the economic environment in which companies operateoIntegrates carbon risk factors into warning systems, stress testing tools, and mitigation concepts for climate-related risks
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