While there has been longstanding interest in how financial markets affect climate change, the effects of climate change on financial markets have received comparatively little attention. The threat of climate change to financial stability is now too big to ignore. Some central banks have incorporated climate change into their prudential agendas and market regulators are exploring climate risks, but more systematic regulatory approaches are needed to effectively measure and mitigate systemic risks resulting from climate change. Banks, asset managers, insurers, and other financial services firms increasingly recognize their exposures to physical and transition risks, but climate change necessitates a paradigm shift in financial risk management. As financial markets regulation and innovation to address climate change risks begin to emerge, there is a crucial opportunity for interdisciplinary researchers, policymakers, and financial industry practitioners to collaboratively formulate effective regulatory and industry responses.

Sponsored by the Global Financial Markets Center at Duke Law, the Duke Center on Risk in Science & Society, the Nicholas Institute for Environmental Policy Solutions at Duke University, and the Duke University Center for International and Global Studies, this this one-day symposium will bring together key stakeholders to explore how climate change is affecting financial markets, current and potential regulatory and industry responses, and the implications for economic and environmental resilience.