The consequences of climate change have had a considerable effect on society and the economy, particularly in low-income and developing countries, due to their restricted capacity to adapt. Climate Finance can be defined as the interaction between environmental and financial economics. The significance of this interconnection between finance and climate change was already apparent at the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change, where the landmark Paris Agreement was reached. From an economic perspective, the relevance of climate change impacts on corporate activity has prompted the examination of the risks to which companies are exposed. These risks can be classified into two main categories: physical risks and transition risks. Conversely, the transition towards a green economy will depend on the financial flows of governments and investors, as set out in Article 2 of the Paris Agreement, which states that the objective is to 'make financial flows consistent with a path towards low greenhouse gas emissions and climate-resilient development'. It is therefore evident that financial markets play a pivotal role in the distribution of these flows and in the transfer and valuation of the risks associated with climate change. In this context, the objective of this research group is to analyse and empirically study the behaviour of companies and financial markets in the context of climate change.