1.0CFA, FRM, and Actuarial Exams Study Noteshttps://analystprep.com/study-notesClimate Change: Physical Risk and Equity | AnalystPrep - FRM Part 2 Study Notesrich600338<blockquote class="wp-embedded-content" data-secret="BcLW04BNYz"><a href="https://analystprep.com/study-notes/frm/climate-change-physical-risk-equity/">Climate Change: Physical Risk and Equity</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://analystprep.com/study-notes/frm/climate-change-physical-risk-equity/embed/#?secret=BcLW04BNYz" width="600" height="338" title="“Climate Change: Physical Risk and Equity” — CFA, FRM, and Actuarial Exams Study Notes" data-secret="BcLW04BNYz" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
/*! This file is auto-generated */
!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document);
//# sourceURL=https://analystprep.com/study-notes/wp-includes/js/wp-embed.min.js
</script>
In this chapter, we describe the channels through which climate change can affect financial stability. and explain how climate change and climate risk have affected equity prices and equity valuations. We also discuss how country characteristics such as insurance penetration and economic development impact the extent to which climatic disasters affect equity prices.