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Global Pricing of Carbon-Transition Risk

Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021

Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable … energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of …. Short-term transition risk is greater for firms located in countries with lower economic development, greater reliance on …

Persistent link: https://www.econbiz.de/10012482725

Carbon Emissions Trading and Environmental Protection : International Evidence

Bai, Jennie; Ru, Hong - National Bureau of Economic Research - 2022

We study how the implementation of emissions trading systems (ETS) impacts emissions reductions and the usage of renewable energy using a panel sample of the largest 100 countries worldwide. Exploiting the cross-country variations in ETS implementations, we show that ETS adoption materially...

Persistent link: https://www.econbiz.de/10013435149

Fighting Climate Change : International Attitudes Toward Climate Policies

Dechezleprêtre, Antoine; Fabre, Adrien; Kruse, Tobias; … - National Bureau of Economic Research - 2022

Using new surveys on more than 40,000 respondents in twenty countries that account for 72% of global CO2 emissions, we study the understanding of and attitudes toward climate change and climate policies. We show that, across countries, support for climate policies hinges on three key perceptions...

Persistent link: https://www.econbiz.de/10013334482

Institutions and Global Crop Yields

Wuepper, David; Wang, Haoyu; Schlenker, Wolfram; Jain, Meha - National Bureau of Economic Research - 2023

We estimate annual discontinuities in remotely-sensed crop yields at all international land borders and link them to changes in the economic freedom index by the Fraser Institute, a country-level measure of institutional quality. Each point of the ten-point index increases the discontinuity by...

Persistent link: https://www.econbiz.de/10014322813

Quantifying Climate Change Loss and Damage Consistent with a Social Cost of Greenhouse Gases

Burke, Marshall; Zahid, Mustafa; Diffenbaugh, Noah; … - National Bureau of Economic Research - 2023

Climate change is generating demonstrable harm around the world. Political and legal efforts have sought to associate …

Persistent link: https://www.econbiz.de/10014372415

Greens are Right to be Suspicious of Carbon Offsets

Heal, Geoffrey - National Bureau of Economic Research - 2024

I distinguish between reduction offsets and removal offsets, the former generated by a reduction in the rate of greenhouse gas emissions and the latter generated by the removal of greenhouse gases from the atmosphere. I show that only removal offsets make any contribution to mitigating climate...

Persistent link: https://www.econbiz.de/10015145121

The End of Oil

Kellogg, Ryan - National Bureau of Economic Research - 2024

It is now plausible to envision scenarios in which global demand for crude oil falls to essentially zero by the end of this century, driven by improvements in clean energy technologies, adoption of stringent climate policies, or both. This paper asks what such a demand decline, when anticipated,...

Persistent link: https://www.econbiz.de/10015145158

The Environmental Bias of Trade Policy

Shapiro, Joseph S. - 2020

This paper documents a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non-tariff barriers are substantially lower on dirty than on clean industries, where an industry's "dirtiness" is defined as its carbon dioxide (CO2) emissions per dollar of output....

Persistent link: https://www.econbiz.de/10012481652

The Climate Adaptation Feedback

Abajian, Alexander C.; Carleton, Tamma A.; Meng, Kyle C.; … - National Bureau of Economic Research - 2025

Many behavioral responses to climate change are carbon-intensive, raising concerns that adaptation may cause additional warming. The sign and magnitude of this feedback depend on how increased emissions from cooling balance against reduced emissions from heating across space and time. We present...

Persistent link: https://www.econbiz.de/10015326524

International Climate Agreements and the Scream of Greta

Maggi, Giovanni; Staiger, Robert W. - National Bureau of Economic Research - 2022

Current policies directed at mitigating global warming appear unlikely to prevent temperatures from rising to levels that would trigger a precipitous increase in the costs of climate change. Various attempts at international cooperation to avoid this outcome have failed. Why is this problem so...

Persistent link: https://www.econbiz.de/10013462728