Showing 1 - 10 of 1,651
Employing a two-period model with an environmental externality, this paper investigates the relation between emission taxation and the optimal level of public debt. The central insight is that the effect of emission taxation on optimal borrowing is ambiguous and may lead to lower or higher...
Persistent link: https://www.econbiz.de/10015192772
We examine the relationship between capital structure and carbon intensity in manufacturing firms using a novel dataset that combines information from the EU Emission Trading System with firm-level financial accounts. Our findings indicate that higher financial leverage is associated with lower...
Persistent link: https://www.econbiz.de/10015194707
Die ökologische Transformation der Wirtschaft hat Folgen für Beschäftigte und Arbeitgeber/innen. Berufsbilder und Arbeitsnachfrage verändern sich bereits, und diese Entwicklungen werden sich zukünftig wahrscheinlich noch verstärken. Die vorliegende Studie präsentiert Ergebnisse einer...
Persistent link: https://www.econbiz.de/10015194942
This study discusses whether climate risk, in the form of physical risk and transition risk, may cause an appreciation or depreciation of the Norwegian krone. Exchange rates reflect relative prices between money, goods, and services of different countries. Since countries vary greatly in their...
Persistent link: https://www.econbiz.de/10015195392
This paper explores the mitigating effects of climate policies in addressing climate-induced health adversities. We first investigate the effect of in utero exposure to rainfall variations on child health outcomes in Bangladesh and find that in utero exposure to rainfall variations negatively...
Persistent link: https://www.econbiz.de/10015195414
We collect data on 24,000 state aid cases within the European Union to create granular measures of national environmental support and study their interactions with the European Union Emissions Trading System (EU ETS). Exploiting variation in regulated installations' exposure to carbon prices and...
Persistent link: https://www.econbiz.de/10015195444
This paper examines the impact of current and future climate transition policies on Belgian firms as they approach the 2030 milestone set by the European Green Deal. Using data from an online survey conducted with members of key Belgian employers' federations, we assess the effects on firms'...
Persistent link: https://www.econbiz.de/10015195454
Carbon markets are a central instrument to decarbonise our economies and mitigate the impacts of climate change. Within the European Union, carbon pricing to date has primarily targeted electricity generation and greenhouse gas-intensive industries, and regulatory focus has typically been...
Persistent link: https://www.econbiz.de/10015195479
This study discusses whether climate risk, in the form of physical risk and transition risk, may cause an appreciation or depreciation of the Norwegian krone. Exchange rates reflect relative prices between money, goods, and services of different countries. Since countries vary greatly in their...
Persistent link: https://www.econbiz.de/10015195480
This paper studies the drivers of emission reductions in the carbon market of the European Union Emission Trading System (EU ETS) since its inception in 2005. We introduce a novel empirical framework that facilitates the joint identification of simultaneous demand and supply shocks underlying...
Persistent link: https://www.econbiz.de/10015195487