New stress test model quantifies climate risks for banks

European banks will soon be required to incorporate climate change risks into the stress testing of their equity. Researchers at the Technical University of Munich (TUM) have now developed a new approach in cooperation with ...

UK unveils plan for first 'net-zero' financial hub

Finance minister Rishi Sunak said Wednesday he plans to make Britain the world's first net-zero financial services centre, even as environmental campaigners quickly criticised the proposals.

Reducing carbon emissions not enough, expert warns

We are now beyond the point of simply needing to reduce carbon emissions to prevent catastrophic climate change, according to a leading scientist from The Australian National University (ANU).

When physics meets financial networks

Generally, physics and financial systems are not easily associated in people's minds. Yet, principles and techniques originating from physics can be very effective in describing the processes taking place on financial markets. ...

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