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Climate policy uncertainty and firms' and investors' behavior

Basaglia, Piero; Berestycki, Clara; Carattini, Stefano; … - 2025

Despite decades of global attention, effective climate policy implementation remains challenging, with firms and investors often grappling with uncertainty about potential policymaking in addition to actual policy changes. This paper introduces a novel Climate Policy Uncertainty (CPU) index,...

Persistent link: https://www.econbiz.de/10015359048

Carbon taxes and stranded assets : evidence from Washington State

Carattini, Stefano; Sen, Suphi - 2019

-intensive stocks. Our results reinforce concerns about "stranded assets" and the risk of financial contagion. Our policy implications …

Persistent link: https://www.econbiz.de/10012050954

What does network analysis teach us about international environmental cooperation?

Carattini, Stefano; Fankhauser, Samuel; Gao, Jianjian; … - 2021

Over the past 70 years, the number of international environmental agreements (IEAs) has increased substantially, highlighting their prominent role in environmental governance. This paper applies the toolkit of network analysis to identify the network properties of international environmental...

Persistent link: https://www.econbiz.de/10012547019

Municipal building codes and the adoption of solar photovoltaics

Carattini, Stefano; Figge, Béla; Gordan, Alexander; … - 2022

Conflicting societal goals can lead to national and local policies that are at odds with each other. National policies promoting the adoption of solar photovoltaics may be counteracted by local policies defining the aesthetics of the built environment. As solar photovoltaic energy approaches...

Persistent link: https://www.econbiz.de/10013413522

Carbon taxes and tariffs, financial frictions, and international spillovers

Carattini, Stefano; Kim, Giseong; Melkadze, Givi; … - 2023

Ambitious climate policy, coupled with financial frictions, has the potential to create macrofinancial stability risk …. Such stability risk may expand beyond the economy implementing climate policy, potentially catching other countries off … policies and to guide the implementation of macroprudential policies at the global scale aimed at minimizing transition risk …

Persistent link: https://www.econbiz.de/10014444903

Voting and information : evidence from a field experiment

Carattini, Stefano; Chatterjee, Anomitro; Cherry, Todd L. - 2024

Biased beliefs affect real-world decisions, including political solutions to societal challenges. One crucial example is environmental policy: people tend to underestimate the incentive effect of Pigouvian policies. Addressing biased beliefs at scale is then paramount. In the days leading up to...

Persistent link: https://www.econbiz.de/10015179213

Managing momentum in climate negotiations

Carattini, Stefano; Löschel, Andreas - 2020

The Conference of the Parties (COP) has proven a valuable outlet to advance the climate agenda. The combination of high media coverage, extremely high expectations set by influential environmentalists, and unanimity rules has, however, started to limit its effectiveness. Technical issues can...

Persistent link: https://www.econbiz.de/10012318579

Nudging when the descriptive norm is low : evidence from a carbon offsetting field experiment

Carattini, Stefano; Blasch, Julia - 2020

Nudges and behavioral interventions have become a popular tool to stimulate prosocial behavior. Little is known, however, on how to design effective social interventions in contexts in which the descriptive norm is low, i.e. when a desirable behavior is only practiced by a minority within the...

Persistent link: https://www.econbiz.de/10012270407

Trust, temperature fluctuations, and asylum applications

Carattini, Stefano; Veronesi, Marcella - 2020

communities invest in risk sharing through migration and enjoy reliable networks supporting migrants. Hence, it is an empirical …

Persistent link: https://www.econbiz.de/10012270546