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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
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The impact of carbon disclosure mandates on emissions and financial operating performance
Downar, Benedikt; Ernstberger, Jürgen; Reichelstein, Stefan - 2020
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...
Persistent link: https://www.econbiz.de/10012267140
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Do carbon offsets offset carbon?
Calel, Raphael; Colmer, Jonathan; Dechezleprêtre, Antoine - 2021
Persistent link: https://www.econbiz.de/10012655857
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Cross-country spillovers of renewable energy promotion : the case of Germany
Abrell, Jan; Kosch, Mirjam - 2021
Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive generators that often rely on fossil fuels. In response to RE promotion, wholesale electricity prices and carbon emissions are therefore expected to decrease. In interconnected...
Persistent link: https://www.econbiz.de/10012619004
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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
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Climate change mitigation : how effective is green quantitative easing?
Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022
We develop a two sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10013281474
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C & C - contraction and convergence of carbon emissions: The economic implications of permit trading
Böhringer, Christoph; Welsch, Heinz - 1999
uses a dynamic multi-region computable general equilibrium model of the world economy to assess the economics of …
Persistent link: https://www.econbiz.de/10013428210
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Climate politics from Kyoto to Bonn : from little to nothing?!?
Böhringer, Christoph - 2001
We investigate how the U.S. withdrawal and the amendments of the Bonn climate policy conference in 2001 will change the economic and environmental impacts of the Kyoto Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that U.S....
Persistent link: https://www.econbiz.de/10013428431
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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
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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