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Showing 1 to 1 of 1 for “"Transition and Physical Risk"”.
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Pricing Climate Uncertainty: Evidence from Natural Interest Rates to Green Premiums
… uncertainty that is complex, poorly understood, and difficult to quantify. Both physical and transition risks exhibit fat-tailed distributions, are underrepresented in historical data, and carry potentially unlimited downside exposure. These “green swan” events—rare but systemically significant …