Lecture by Dr. Samuel Alexandre Vigne at Corvinus University

Date: 01 December 2025, 14:00-15:002
Location: Corvinus University of Budapest, building E, Institute of Finance – Room E.279.1.
Biodiversity loss is a systemic financial risk whose channels are more complex and less analytically tractable than climate change. Where climate finance has agreed on standardized measures, disclosure regimes, and increasingly on climate risk’s role in the pricing of assets, biodiversity finance remains fragmented, under-identified, and conceptually fragile. This paper does not attempt yet another encyclopedic survey. Instead, it distills the issues of this emerging field into four recurring tensions that block intellectual and practical progress: (i) measurement and taxonomy, (ii) pricing and transmission, (iii) systemic and corporate finance, and (iv) policy, disclosure, and market infrastructure. We frame each as a puzzle, articulate the contradictions, and end with explicit, conceptual Research Questions (RQs). The throughline is clear: until measurement can join markets, biodiversity finance will remain a narrative without prices, a policy ambition without plumbing, and a systemic threat without identification.
Dr. Samuel Alexandre Vigne’s professional profile.
Please note that this Microsoft Teams link is provided only for those unable to attend the seminar in person, it will generally be held offline.