Professor and Head of the Financial Management Department Carles Vergara-Alert leads the project "Towards a Green Economy: Climate-Related Physical & Transitional Risk in Real Estate." The project aims to fill a void in research on the effects of climate risk in the real estate markets and on the management of physical and transition risks to a green economy by using big data to help academics and practitioners understand and quantify these effects. Based on both theoretical work and data analytics, the project will provide new models and empirical analyses to change the way finance and real estate researchers think about the effects of climate change and to identify new issues relevant to the transition to a green economy in a rapidly evolving world.
