The authors of the WP/23/141 IMF Working Paper examine the impact of climate mitigation on stock markets. They focus on climate-related news, which is a key source of information for investors to revise their subjective assessments of climate risks. The paper uses machine learning-based indicators to measure these risks and identifies the direction of the risk through manual labeling. The authors thank several individuals for their comments and research inputs. The views expressed in the paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
