Comment Text:
Dear Committee,
We summarize in the attachment our recent research on climate-related financial risk factors that we believe are underpriced by the U.S. equity markets. Our research adds critical, new evidence-derived findings to an expanding and important strand of peer-reviewed academic literature on climate risk in financial markets.
Thank you for the opportunity to inform the Committee.
Paul A. Griffin
Distinguished Professor
Graduate School of Management
University of California, Davis
Davis, CA 95616
[email protected]
Amy Myers Jaffe
David M. Rubenstein Senior Fellow for Energy and the Environment
Director, Program on Energy Security and Climate Change
Council on Foreign Relations
58 East 68th Street
New York, New York 10065
[email protected]
