CORDIS Project
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CLASSIC investigates how climate risks affect the financial system and economy. By linking macroeconomic and financial models, it aims to inform policymakers and businesses about the implications of climate change on capital markets.
CLASSIC (CLimAte riSk implicationS for fInance and the real eConomy) intends to contribute to understanding how physical and transition climate risk impact the financial system and the real economy by quantifying the linkages and feedback between the two.There is consolidated evidence on the significant impacts of climate change on the real side of the economic systems.
However, a much narrower, even though expanding, research has been done on the financial implications of climate risk.
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WIRTSCHAFTSUNIVERSITAT WIEN
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Italy, Venezia
Type: University / higher education
Activity type: Higher or Secondary Education Establishments
SME: No
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