Fundamentals of Climate Finance: From Theory to Practice presents key concepts, financing needs and risk-management challenges arising from climate change. A strong foundation in climate finance is becoming increasingly important for corporate finance, financial risk and investment management as companies and investors seek to quantify and manage the financial implications of climate change across their day-to-day activities.
The book covers all stages of the climate risk-management process, including portfolio risk identification, analysis, communication, implementation, governance and engagement. It examines the implications for both active and passive investment management and evaluates the influence of regulatory frameworks and active ownership. It also charts the investor journey from emissions screening and framework alignment to science-based models, transition pathways, and climate-scenario and impact valuation analysis.
Each chapter includes problem statements, key questions, learning objectives and summaries, alongside boxed examples, case studies and suggestions for further reading. The book is supported by digital learning resources, including answers to discussion questions and multiple-choice questions for students.
The book will be essential reading for undergraduate and postgraduate students of climate finance and related disciplines, while serving as a valuable practical resource for professionals working across investment, finance, accounting, risk management and sustainability.
Autorentext
Daniel Ung heads quantitative research and ETF model portfolio solutions at a leading global asset manager. He is associate editor of the Journal of Beta Investment Strategies and has co-authored books on ESG and smart beta investing.
Martina Macpherson is a financial markets leader with over 20 years of international experience spanning investment products, data, indices, and market innovation. Award-winning researcher, academic lecturer, co-author and internationally recognised UK government and ESMA advisor.
Gunnar Rimmel is Chair in Accounting and Sustainability Reporting at Aalborg University Business School and Visiting Professor at Henley Business School. He is editor of Accounting for Sustainability and lead-editor of the Research Handbook on Sustainability Reporting.