Global warming, sea level rise, and extreme weather events have made climate change a top priority for policymakers across the globe. But which policies are best suited to tackle the enormous challenges presented by our changing climate? This Article proposes that policymakers turn to prediction...

The objective of this research is to examine the relationship between carbon management strategies in corporations and their impact on financial performance. We employ a systematic literature review to analyze 223 articles retrieved from reputable journals indexed in Scopus. A total of 22...

Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that carbon risk affects firms' credit spread. The effect is larger for European than North American firms and varies substantially across industries, suggesting the market recognises...

Prior research produced contradicting evidence regarding the role of international influence in the diffusion of climate policies. To unravel this puzzle, we examine various policy instruments adopted by G20 countries, demonstrating that peer pressure stimulates convergence in the number of new...

Climate change is one among the major global issues of the twenty first century. Anthropogenic activities have led to notable changes in the earth’s climate including increase in the global temperature over the 20th century by 0.6 ± 0.2oC at an average rate of increase of 0.17 oC decade since...

The barriers of climate change mitigation and mechanisms to overcome these barriers and achieve transformative changes towards carbon neutral society need to be investigated in order to define the main drivers and barriers of transformative change towards carbon neutrality and how policies and...

This paper introduces a solution for the fair division of common property resources in production economies with multiple inputs and outputs. It is derived from complementing the Walrasian solution by welfare bounds, whose ethical justification rests on commonality of ownership. We then apply...

The Intergovernmental Panel on Climate Change (IPCC) highlights the importance of reaching net-zero CO2 emissions globally by 2050. Unlocking the potential of natural climate solutions in the strive for net-zero emissions is increasingly gaining attention. A large potential may arise from the...

Liquid fuels will remain valued energy carriers well into any upcoming period when CO2 reductions are sought. Biofuels are the presumed replacement for the petroleum-based transportation fuels that dominate liquid fuel use. Lifecycle analysis embeds a closed-loop model of biofuel-related carbon...