Green swan

Risk management - systemic risk - climate-related risks.

A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered by a climate-related event.

The term was popularised by Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman in their 2020 book "The green swan - Central banking and financial stability in the age of climate change".

See also

• Black swan
• COVID-19
• Fat tail
• Green swan
• Guide to risk management
• Heuristic
• Horizon scanning
• Moody's
• Optimal capital structure
• Optimisation
• Portfolio analysis
• Probability
• Redundancy
• Resilience
• Risk
• Stress test
• Unicorn
• Weighted average cost of capital

External link

• The green swan - Central banking and financial stability in the age of climate change