Sustainability management requires differentiated information on the environmental and economic consequences of material demand's increasing and decreasing factors. Material flow cost accounting fails to provide this information due to the common undifferentiated determination of realized costs...

This research models and examines multiple decarbonisation pathways for Europe to 2050, evaluating trade-offs between emissions reductions, costs, and implications for gas demand. Scenarios that front-load decarbonisation to 2040 show prohibitively high marginal abatement costs, while a more...

This paper shows that even moderate air pollution levels, such as those in Europe, harm the economy by reducing firm performance. Using monthly firm-level data from France, we estimate the causal impact of fine particulate matter (PM2.5) on sales and worker absenteeism. Leveraging exogenous...

Energy generated from land-based wind power is expected to play a crucial role in the decarbonisation of the economy. With the looming biodiversity and nature crises, spatial allocation of wind power cannot, however, any longer be considered solely a trade-off against local disamenity costs....

Companies in various industries are under growing pressure to assess the costs of decarbonizing their operations. This paper develops a generic abatement cost concept to identify the cost-efficient combination of technological and operational changes firms would need to implement to drastically...

Exploring pathways for transitioning to clean energy to achieve climate change mitigation goals is essential. Addressing the economic impact of decarbonization options requires strategic planning to determine cost-effective CO2 mitigation strategies. The assessment of marginal CO2 abatement cost...

As a relevant indicator for quantifying the value of carbon emissions, the marginal abatement cost (MAC) of carbon emissions has received increasing attention from academics and policymakers. This study uses a quadratic directional output distance function to analyse the technical efficiency,...

The European Emissions Trading System is a cornerstone of the EU climate policy and its development is set until 2030. However, it is unclear what will happen afterwards. This policy brief compares three different scenarios: Rapid Decarbonization, 2050 Climate Neutral and a Break scenario. The...

Drawing on comprehensive indicator data of national ESG performance across 27 countries from 2006 to 2020, this study employs a panel Tobit model to examine the impact of government environmental protection spending on national ESG performance. The results demonstrate that government...

We build a dynamic model in which home owners decide when and how to switch to carbon-neutral heating. Agents differ with regard to carbon intensity and abatement costs, the latter being private information which is non-observable by the government. The heating-related investment model is nested...

This paper aims to estimate the optimal environmental policy in the elektricity generation sector for each of the EU countries maximizing total welfare. The study uses a recently proposed theoretical corporate finance model and empirically estimate each of its components using the current state...

There is little research on the impact of environmental costs on plastic manufacturing companies’ financial performance and sustainability. This paper aims to explore the relationship between environmental costs and financial performance of two large national plastic manufacturing companies,...

Die Folgen und daraus resultierenden Kosten des Klimawandels sind inzwischen unvermeidbar. In makroökonomischen Modellen wie INFORGE, welche Abschätzungen zur Zukunft bis 2050 liefern, müssen die Folgen des Klimawandels in der Projektion daher berücksichtigt werden. Ziel dieses Beitrags ist...

We quantified the minimum payments to halt global net forest loss by 2030, as per the commitment made by countries to the Glasgow Leaders' Declaration on Forest and Land Use (GFA) at COP26 for the top 20 signatory countries (GFA20) in terms of net forest loss by area. We identified three...

Accounting for nearly 8% of global annual carbon dioxide (CO2) emissions, the cement industry is considered difficult to decarbonize. While a sizeable number of abatement levers for Portland cement production are technologically ready for deployment, many are still viewed as prohibitively...

Using a novel dataset from Freiberg et al. (2021) that measures corporate environmental costs, we examine the influence of institutional investors on the monetized environmental impact generated by their investee firms. Using a sample of 64 countries and 12 industries, we document that...

Abstract: This paper provides a discussion of the political economy of probate, with the goal of motivating financial planners to play an important role in helping their clients avoid it. The paper explores the reluctance among members of the legal community to adequately apprise their clients...

The paper deals with the environmental costs (EC) in the electrical equipment industry by using environmental accounting as a strategic instrument for controlling the economic entity (EE). The novelty of the study consists of integrating a mathematical model in environmental management...