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Concrete steps aimed at combating global warming (or the "greenhouse effect") are intended to be decided at the United Nations Conference on Environment and Development, which is to be held in Rio de Janeiro in June 1992. So far, it has not proved possible to reach a consensus on several...
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We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the...
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based on a weighted average of expected utility (EU) and the MaxiMin criterion. I first show that more weight on the worst … case (less weight on EU) may lead to increased first period emissions. The effect of learning possibilities on emissions is …, considering prospective learning increases today s abatement effort, i.e. the irreversibility effect holds, if the weight on EU is …
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