Climate Finance Book

If your work deals with finance, you must understand how the real-world impacts of climate change are reshaping stakeholders’ expectations. Businesses cannot sit back and be passive spectators of the government’s actions. Rather, they need to participate in efforts to combat climate change and contribute in different ways. Many long-term investors are increasingly concerned that failure to act could endanger the long-term returns on their assets. BlackRock CEO Larry Fink has already issued several warnings in letters to shareholders.

Climate Finance will help you act in a positive way. It provides a comprehensive overview of climate-related financial issues. Finance is about linking demand for capital to suppliers of capital. Defined in this broad sense, finance (including financial players such as shareholders, debtholders, capital markets, regulators/central banks, and boards) has an important role to play in tackling the challenges ahead. The book covers every aspect of climate-related finance and disentangles the complex layers of decision-making around it.

The Climate Finance book:

  • Provides an in-depth understanding of the various aspects of climate finance, from the risks and opportunities, to the demand and supply of capital, to the impact of global policies.
  • Presents frameworks for readers to help them better understand the field, and how finance and climate are linked.
  • Covers all the financing activities of companies, both through the debt side and the equity side, while addressing the financial market aspects of these activities (including green finance instruments, sustainability-linked products, ESG investment, climate financing, institutional investors, ESG ratings, activist investors, etc.).
  • Allows reader to assess their contributions, risks, opportunities, and personal role in the coming transition
  • Helps investors and companies make more informed capital allocation decisions by appropriately incorporating all risks
  • Provides empirical evidence for the links between financial actions and climate related risks and opportunities
  • Highlights relevant frameworks and evidence from markets, academic research, and practical case studies featuring leading companies and investors.

In addition to being a useful guide for finance leaders and practitioners, this book can also be used in business education (MBA, master’s, and executive education programs). It is based on many years of teaching and consulting with world-class corporations from all continents of the world.

A big funding gap exists between what we have right now (the Paris Agreement signatures) and what we need in the future (the actual infrastructure, supply chains, and corporate frameworks to deliver on those agreements). It is clear that bridging this gap should now be the priority for executives, board members, and investors. The Climate Finance book will help you be part of the solution to the greatest challenge facing humankind today. The book will help you make the right choices and take meaningful action to protect the long-term interests of your organization against the financial threats posed by climate change.

Access the Introduction of Climate Finance.


Praise from leading practitioners and academics

Prof. Fernandes delivers, in very comprehensive terms, a pragmatic finance bible indispensable for any manager. Finance experts will learn a lot about ESG, and ESG experts will acquire the solid finance foundation they need to understand how these two areas complement each other. This green finance bible comes at the right moment to make sure that all stakeholders are aligned in terms of knowledge and expectations.

Our success in the transition to a sustainable economy will define our generation. Ensuring an adequate financing for such transition is key. This book provides an excellent and thorough overview of the areas and the challenges confronting the financial industry to help in that process. Any person interested in how finance will evolve in the coming years should be interested in this book.

How should trillions of dollars of private capital be mobilized to tackle climate change? It is an extremely important moral question with global ramifications. Thankfully, Nuno Fernandes has written the book we have been waiting for. It is timely and relevant for corporate officers, shareholders, bondholders, asset managers and owners, regulators, and bankers. He proves throughout the book just how financial decision-making and climate-change-related risks are inextricably linked.

This holistic yet nuanced book sheds new light on the often-obscure world of climate finance. Nuno Fernandes offers a balanced perspective on the funding gap between investors (of all shapes and sizes) and the climate emergency, highlighting concrete options for actors on both the demand and supply sides. As an advocate for sustainable finance, I wholeheartedly recommend Climate Finance to anyone who cares about strengthening the links between funding and sustainability – which, given the severity of the climate crisis, should be all of us.

ESG is the latest expansion of a CFO’s role in the roaring 2000s. Climate Finance offers a one-stop shop to explain how finance can impact the ESG agenda and ultimately create a brighter future.

Climate change is the challenge of this century and has become the dominant issue shaping finance. Close to 40% of global financial assets are now managed with an eye to environmental and climate impacts. Nuno Fernandes provides the most cutting-edge and complete coverage of all the main climate finance issues. The book is very approachable with clear takeaways. It is a perfect introduction for practitioners and MBA students looking to deepen their knowledge of this important area.

Nuno Fernandes covers one of the most important topics of our day with this book. This fact-based book highlights great case studies and real examples to reinforce key themes. Clearly, the “Climate Finance” topic is in constant evolution, but this book provides the necessary foundation and understanding to navigate through this ever-changing landscape.

Nuno Fernandes takes on one of the major challenges we face today: climate change. Climate change imposes a limit on pollution generation and the exploitation of natural resources. We therefore have to think about how society's response can be financed. Why is this difficult? Climate change does not hit everybody at the same time, which makes the question of how to finance it over time and through economic agents hard to answer. That’s what Nuno does the best. As he has done before, Nuno develops a careful, in-depth approach to the topic. A must-read, surely, for central bankers.

For practitioners and academics, it is a challenge for finance to tackle climate change challenges and opportunities. This book provides practical and applied concepts that are firmly grounded in reality. Professor Nuno Fernandes guides readers through the possible routes and roles of financial actors and instruments for the climate and environmental objectives. He does so in a pragmatic, thorough, and rigorous fashion. A must-read for all engaged in understanding climate finance!

The implications of climate change for society are serious. The financial dimensions are huge and diverse. Policymakers and companies are figuring out how to tackle it. Nuno Fernandes provides a holistic and balanced way to fully grasp this complex and relevant phenomenon by analyzing and integrating the views of companies, shareholders, investors, capital markets, and regulators. An excellent book to understand and diagnose the connections between climate change and finance.

An important and timely book that addresses complex matters about which there is a lack of knowledge. Many individuals and organizations, especially in the financial sector, need enlightenment and guidance on the topics covered in this book. Climate Finance fills this gap.

Climate Finance is a must-read, a primer on one of the most challenging subjects for the decades ahead. Companies, investors, governments, and regulators must adapt and contribute to finding new solutions. Prof. Nuno Fernandes delivers a comprehensive and balanced assessment of the current situation and the alternatives to pursue.

Climate Finance is essential reading. It provides a comprehensive overview of the new risks and opportunities that are transforming the finance industry, and the critical role of finance in the race to net zero.

A must-read that should be of great interest to industry leaders, policymakers, banks and asset managers, scholars, and students alike. Nuno Fernandes presents the role of capital markets and market-based finance as a pillar to the necessary responses from the private sector in tackling the challenges ahead. Supported by scientific articles and practical examples, the author presents an unbiased characterization of the demand and supply of capital, leading to some answers to current and future challenges.

Nuno Fernandes provides the definitive guide for all trying to find their way in sustainable finance! Finance must be a part of any effort to better our world. Climate Finance covers the main points for all finance professionals to get started and advance!

Climate Finance opens a new dimension of financial analysis. It helps identify the actors and their possible vested interests. It clearly shows the enormity of this challenge. It should be a required textbook in business schools worldwide and used by decision-makers who can no longer ignore the short-term and long-term impacts of the constraints of life on this planet.

Climate finance is no more a greenfield after Professor Fernandes’ book. This book is a practical and inspiring study that will appeal to anyone interested in climate finance. In fact, I am convinced that climate is an issue that should matter to anyone interested in finance.

Nuno Fernandes has long been a reference for me. In this timely book, he explores the world of climate finance and how the financial sector and companies are contributing to solve this worldwide crisis. It will be a new reference for all managers and boards.

Nuno Fernandes offers a holistic perspective on the intricate interface between sustainability and financial markets. It is an insightful look at how the “green” funding gap should be addressed by capital supply and demand. It explores the different challenges faced by actors on both sides as they raise funding, develop sustainability-related strategies, and manage risks. A succinct yet comprehensive book about the big picture in a critical, emerging area of the financial system.

Climate change presents an enormous challenge not only to humanity´s survival but to the way our economies are organised around the world. In the process of corporate transformation that will have to take place, private capital will play a lead role. Nuno Fernandes is the right person to guide us through the levers of this transformation, to show us how existing corporate structures will have to adapt and investors mobilised. This is the topic for our times and this book provides the much needed framework for decision makers. A must-read.

Nuno Fernandes provides an incredibly comprehensive overview and explanation of the various components and actors driving the development of climate finance. Covering both analytical frameworks and case studies, his contribution provides a solid foundation and excellent introduction to this important topic. It is a must-read for those who want to understand the role, opportunities, and challenges of finance in the climate-neutral transition.

Climate change is a threat to humanity. It has been described as the biggest market failure in history. Correcting that failure is not an option, but rather an absolute need. To address this, there is a fundamental role for the corporate sector, with risks and opportunities that demand top management’s capacity to take hard decisions. Climate Finance is a must-read, an outstanding contribution, for the timing, rigorous coverage, and depth of issues covered.

Mitigating and adapting to climate change has been at the forefront of the world’s agenda. Business as usual is not good enough. We need fundamental changes in the way financial agents understand their roles as investors, issuers, intermediaries, regulators, and citizens. This is why it is important that clear, well-structured, and accessible textbooks, like Nuno Fernandes’s Climate Finance, make their way into MBA classrooms – and into corporate boardrooms – as soon as possible.

This book builds a comprehensive framework that helps the reader understand the various components of climate-related financial issues. Nuno Fernandes masterfully assembles evidence from markets and academic studies, complemented by practical case studies from leading companies around the world. It is a great resource for market practitioners as well as lay readers who want to understand the risks and opportunities associated with climate change. I expect the book to be a standard reference for courses in sustainable finance.

Professor Nuno Fernandes provides a comprehensive overview of how climate change challenges the financial management of companies and how it modifies the views and actions of investors in regard to the allocation of capital. Combining scientific rigor (by providing evidence from markets and academic studies) with practical relevance (by addressing the key issues that the finance world needs to tackle), this book is an outstanding contribution that redefines the role of finance in this age of transformation toward a more sustainable society.

Any thoughtful finance practitioner would be well served by reading this book with its sharp focus on the financial dimensions of climate change. Professor Fernandes is careful not to get caught up in moral debates but instead focuses on the implications for finance from a variety of angles, including government and fiscal policy, capital market considerations, corporate strategy, supply chain, and governance. The book is an excellent read and a welcome addition to the conversation.

Climate change and financial impact! There are significant ramifications depending on the course of action taken. Read this book and learn from one of the best.

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The Sustainable Finance and Climate Finance book for managers

Purchase Book

The Sustainable Finance and Climate Finance book for managers

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