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Special Issue on
Climate and Nature Risk in Mathematical Finance

Guest Editors:
Andrea Macrina & Peter Tankov

Deadline for submissions: 28 February 2025

The urgency and complexity of the climate crisis call for contributions from many scientific domains. In finance, modelling challenges posed by the environmental transition and by climate change and nature-related risks call for inter- and transdisciplinary approaches, based on a multitude of data sources and taking into account deep uncertainty. The mathematical finance community is well placed to address these challenges and has made numerous quantitative contributions to the field of green finance. Mathematical Finance will dedicate a Special Issue to Mathematical Finance for Climate and Nature to emphasise this area of research.

Submissions to the Special Issue should develop and apply novel mathematical and statistical methods to financial and economic problems arising in the field of green finance and meet the editorial standards of Mathematical Finance as detailed in the aims and scope statement of the journal. Submissions with a policy or industry perspective are encouraged.

We invite in particular the submission of original research articles on the following topics:

  • Assessment of climate and nature-related risks and uncertainties in financial systems; climate stress testing.
  • Transmission channels of physical risks, transition risk and nature-related risks to asset prices, portfolios and the stability of the financial system.
  • Optimal policies and incentives for environmental transition and adaptation of the economy, from the central planner perspective and in decentralised systems.
  • Optimal design and study of financial and insurance products for managing climate and nature-related risks and for financing the environmental transition and adaptation.
  • Design and study of transition scenarios; quantification of scenario uncertainty.
  • Net zero investment: quantitative methodologies for constructing net-zero aligned portfolios and portfolios with positive impact on nature and biodiversity.
  • Study of innovative datasets and numerical methods, including AI-based methods.
  • Design of medium and long-term risk management methods accounting for potential policy changes and systemic alterations of market structures and stability.
  • Impact of climate and nature risks on emerging markets and developing economies.

Please submit your contributions through the journal’s web submission portal before 28 February 2025. Please indicate in your submission that it is intended for the ‘Special Issue on Climate and Nature Risk in Mathematical Finance’.
All submissions will undergo the usual review process for the journal.