Policy panel: “Climate risks in financial markets”

Irene Monasterolo is Professor of Climate Finance at EDHEC Business School and EDHEC-Risk Institute in Nice (FR). Irene’s research contributes to understanding the role of finance in the low-carbon transition, and the implications of climate change on investment decisions and financial stability. In the context of climate-related financial risks, Irene has co-developed the Climate Policy Relevant Sectors (CPRS), a science-based classification of assets into classes of climate transition risk, and the climate stress-test of the financial system. The CPRS and climate stress-test methodologies have been applied by several financial supervisors and institutions globally. Irene’s research has been published in top and high-ranked journals in the field, including Science, Nature Climate Change, and Journal of Banking and Finance. She is editorial board member of Ecological Economics Journal, and she has served as guest editor for Journal of Financial Stability’s special issue on “Climate risk and financial stability”. She is part of the scientific committee of the annual CREDIT conference, and co-leader of the research area Environment-Economy Interactions of the EAEPE.