Investor concerns about climate and other environmental regulatory risks suggest that these risks should affect corporate bond risk assessment and pricing. We test this hypothesis and find that firms with poor environmental profiles or high carbon footprints tend to have lower credit ratings and...

Policy makers worldwide have increasingly considered the adoption of a carbon adjustment at the border to equalize carbon pricing on foreign goods with carbon policies imposed on domestic production. The implementation of a border carbon adjustment (BCA) in the European Union has been recently...

While developed countries are contributing largely to the causation of climate change, developing countries are ‘unfortunately’ taking disproportionate burdens arising out of climate change. Though developing countries contribute least to the causation of climate change, they are more...

The Paris Agreement is the first treaty under the global climate regime to mention ‘climate justice’ as a concept. Given this unprecedented legal turn of the concept, the article reports a sociolegal study of climate justice, framing and assessing the substantive policy issues arising from...

Investors’ awareness of climate risks and attention to green investments are on the rise especially after the Paris Agreement. It stands to reason that this rise in awareness has an impact on the connection between clean energy prices and oil and technology stock prices. In this paper, we test...

This paper assesses the rationale, design, and impacts of border carbon adjustments (BCAs). Large disparities in carbon pricing between countries raise concerns about competitiveness and emissions leakage. BCAs are potentially the most effective domestic instrument for addressing these...

Der Verkehrssektor steht mit Blick auf die Klimaziele und angesichts seiner bislang ausgebliebenen Erfolge bei der Treibhausgasreduktion vor großen Herausforderungen. Getrieben wird der hohe Ausstoß auch durch eine Infrastrukturpolitik, die den Straßenverkehr stark begünstigt. Diese...

Meeting net-zero emissions targets requires major and ongoing reductions in the use of fossil fuels. We focus on the role of three key emitters in a large dimensional, 30 country/region energy and trade model, designated as GTAP-R, to meet minimal Paris Agreement targets, illustrating the path...