Similar Search Results

Global Pricing of Carbon-Transition Risk

Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021

Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable … energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of …. Short-term transition risk is greater for firms located in countries with lower economic development, greater reliance on …

Persistent link: https://www.econbiz.de/10012482725

Carbon Emissions Trading and Environmental Protection : International Evidence

Bai, Jennie; Ru, Hong - National Bureau of Economic Research - 2022

We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...

Persistent link: https://www.econbiz.de/10013435149

Timing Matters : Intra-day Shifts of Economic Activity and Ambient Ozone Concentrations

Adler, David B.; Severnini, Edson R. - National Bureau of Economic Research - 2023

Ground-level ozone has been shown to have significant negative health externalities from short-term exposure, and as such has been regulated by the U.S. Clean Air Act since the 1970s. Ozone is not emitted directly; instead formation occurs due to a complex Leontief-like combination of air...

Persistent link: https://www.econbiz.de/10014247990

Fighting Climate Change : International Attitudes Toward Climate Policies

Dechezleprêtre, Antoine; Fabre, Adrien; Kruse, Tobias; … - National Bureau of Economic Research - 2022

Using new surveys on more than 40,000 respondents in twenty countries that account for 72% of global CO2 emissions, we study the understanding of and attitudes toward climate change and climate policies. We show that, across countries, support for climate policies hinges on three key perceptions...

Persistent link: https://www.econbiz.de/10013334482

To Starve or to Stoke? : Understanding Whether Divestment vs. Investment Can Steer (Green) Innovation

Pless, Jacquelyn - National Bureau of Economic Research - 2023

More than 1,500 organizations and investors representing over $40 trillion in assets have committed to fossil fuel divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a critical component of transitioning to a cleaner...

Persistent link: https://www.econbiz.de/10014226139

The Macroeconomic Effects of a Carbon Tax to Meet the U.S. Paris Agreement Target : The Role of Firm Creation and Technology Adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - National Bureau of Economic Research - 2021

We analyze the quantitative labor market and aggregate effects of a carbon tax in a framework with pollution externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of adjustment influenced by carbon taxes: (1) firm creation and (2)...

Persistent link: https://www.econbiz.de/10012533344

Five Myths About Carbon Pricing

Metcalf, Gilbert E. - National Bureau of Economic Research - 2023

While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy makers and the public. In this paper I consider and refute five myths about carbon taxes: 1) that a carbon price will hurt economic...

Persistent link: https://www.econbiz.de/10014250122

Decarbonization and Electrification in the Long Run

Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022

Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...

Persistent link: https://www.econbiz.de/10013210110

The Unequal Economic Consequences of Carbon Pricing

Känzig, Diego R. - National Bureau of Economic Research - 2023

This paper studies the economic impacts of carbon pricing. Exploiting institutional features of the European carbon market and high-frequency data, I document that a tighter carbon pricing regime leads to higher energy prices, lower emissions and more green innovation. This comes at the cost of...

Persistent link: https://www.econbiz.de/10014287322

Climate Policy and the Economy : Evidence from Europe's Carbon Pricing Initiatives

Känzig, Diego R.; Konradt, Maximilian - National Bureau of Economic Research - 2023

This paper investigates the impact of carbon pricing on the economy, with a focus on European carbon taxes and the carbon market. Our analysis reveals three key findings. First, while both policies have successfully reduced emissions, the economic costs of the European carbon market are larger...

Persistent link: https://www.econbiz.de/10014287360

1
2
3
4
5
6
7
8
9
10
Next
Last