Bauer, Michael D.; Huber, Daniel; Rudebusch, Glenn D.; … - 2023
The relative equity pricing of more climate-friendly ("green") versus less climate-friendly ("brown") companies is an …" with brown stocks yielding higher returns, or the opposite, with green stocks outperforming brown. This paper provides new … measure their greenness, we document that green stocks across the G7 have generally provided higher returns than brown stocks …