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Too much oil
Gerlagh, Reyer - 2010
green paradox: when policy makers stimulate the development of non-carbon energy sources to (partly)replace fossil fuels in …
Persistent link: https://www.econbiz.de/10008702311
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Absolute abundance and relative scarcity : announced policy, resource extraction, and carbon emissions
Di Maria, Corrado; Smulders, Sjak; Van der Werf, Edwin - 2008
their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon … be extracted during other periods. Second, since low carbon energy sources are relatively more valuable when the policy … is implemented, it is optimal to conserve them ahead of enforcement. This might induce a switch to high-carbon resources …
Persistent link: https://www.econbiz.de/10008799171
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Fossil fuel extraction and climate policy : a review of the green paradox with endogenous resource exploration
Österle, Ines - 2012
; Carbon Taxes …
Persistent link: https://www.econbiz.de/10009506347
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Using carbon pricing revenues to finance infrastructure access
Jakob, Michael; Chen, Claudine; Fuß, Sabine; Marxen, Annika - 2015
Introducing a price on greenhouse gas emissions would not only contribute to reducing the risk of dangerous anthropogenic climate change, but would also generate substantial public revenues. Some of these revenues could be used to cover investment needs for infrastructure providing access to...
Persistent link: https://www.econbiz.de/10011391828
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Buy coal, cap gas! : markets for fossil fuel deposits when fuel emission intensities differ
Vogt, Angelika; Hagen, Achim; Eisenack, Klaus - 2020
Climate policies can target either the demand or the supply of fossil fuels. While demandside policies have been analyzed in the literature and applied in policy-making, supply-side policies, e.g. deposit policies, are a promising option and a recent research focus. In this paper we study...
Persistent link: https://www.econbiz.de/10012261861
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Environmental damage news and stock returns : evidence from Latin America
Cavallo, Eduardo A.; Cepeda, Ana; Panizza, Ugo - 2024
carbon emission intensity. We find that high emission intensity firms tend to underperform after the release of environmental … distribution of emission intensity. These results suggest that investors care about and price carbon risk, but only when this risk …
Persistent link: https://www.econbiz.de/10014529773
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Anticipatory effects in the FTSE 100 index revisions
Fernandes, Marcelo; Mergulhão, João - 2015
This paper examines the price impact of trading due to expected changes in the FTSE 100 index composition, which employs publicly-known objective criteria to determine membership. Hence, it provides a natural context to investigate anticipatory trading effects. We propose a panel-regression...
Persistent link: https://www.econbiz.de/10011405289
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Pricing default risk : the good, the bad, and the anomaly
Ferreira Filipe, Sara; Grammatikos, Theoharry; Michala, … - 2014
While empirical literature has documented a negative relation between default risk and stock returns, the theory suggests that default risk should be positively priced. We provide an explanation for this "default anomaly", by calculating monthly probabilities of default (PDs) for a large sample...
Persistent link: https://www.econbiz.de/10011861135
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Developing India's offshore local currency bond market : lessons from emerging countries
Kohli, Renu; Sahoo, Pravakar; Shuheb Khan, M. - 2017
After the 2008 financial crisis, macroeconomic positions and growth prospects weakened in the advanced economies; emerging market economies (EMEs) improved however. Offshore, local-currency bonds of EMEs became popular as result, with many EMEs exploiting the opportunity. India also launched its...
Persistent link: https://www.econbiz.de/10011708308
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Sovereign risk and economic complexity
Gómez González, José Eduardo; Uribe, Jorge; … - 2024
This paper investigates how a country's economic complexity influences its sovereign yield spread with respect to the United States. Notably, a one-unit increase in the Economic Complexity Index is associated with a reduction of about 87 basis points in the 10-year yield spread. However, this...
Persistent link: https://www.econbiz.de/10014536288