Since it is believed that CO<Subscript>2</Subscript> is responsible for 55% of the greenhouse effect, a CO<Subscript>2</Subscript> levy is now under consideration in several countries. For an assessment of the macroeconomic implications of an integrated energy and environmental policy we employ an applied general equilibrium model (AGE)...</subscript></subscript>

This paper examines the effect of sustainability performance of European corporations on their stock performance, measured as the average monthly stock return from 1996 to 2001. The econometric analysis is based on common empirical asset pricing models, particularly on the multifactor model...