The finance of climate change

Global warming is the defining challenge of our times. An emerging literature is investigating the interactions between climate change and financial markets. Climate finance is studying the pricing of climate risks across asset classes and the ways to channel public and private capital towards climate mitigation and adaptation investments. In 2019, the Journal of Corporate Finance launched a call for papers on the finance of climate change with the goal of publishing a special volume. In this context, we discuss how finance can help to address climate challenges, the contribution of the papers selected for the Special Issue and what we view as a broader climate finance research program.