Showing 1 - 10 of 2,160
We develop indices of Twitter-based Chinese Climate Uncertainty (TC-CU) and Climate Policy Uncertainty (TC-CPU). Our …, among many others. We find that TC-CPU is associated with future US climate uncertainty and attention measures while US …
Persistent link: https://www.econbiz.de/10014030711
Within a non-cooperative transboundary pollution game, we investigate the impact of the adoption of a cleaner technology (i.e., a decrease in the emission to output ratio). We show that countries may respond by increasing their emissions resulting in an increase in the stock of pollution that...
Persistent link: https://www.econbiz.de/10010753153
We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty …
Persistent link: https://www.econbiz.de/10012438358
technological uncertainty favors taxes over cap and trade. Weitzman models a flow pollutant, but greenhouse gases are persistent …
Persistent link: https://www.econbiz.de/10011927948
of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success …
Persistent link: https://www.econbiz.de/10010234539
This paper quantifies the loan exposure to elevated environmental risk sectors of the banking system in the USA, EU … framework if prudential regulation of environmental risks is to be considered: the consideration or not of climate risk as … credit risk and the impact of environmental risks over probabilities of default over the entire business cycle …
Persistent link: https://www.econbiz.de/10012869044
The analysis of the conditions under which, and extent to which climate-adjusted financial risk assessment affects … limiting firms' capacity to invest in low-carbon activities that could decrease their exposure to transition risk and help them …
Persistent link: https://www.econbiz.de/10013202012
price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …
Persistent link: https://www.econbiz.de/10012258563
produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …&D portfolio. The resulting ranking across technologies is robust to changes in risk-aversion, R&D budget limitation and assump …
Persistent link: https://www.econbiz.de/10011622101
climate risk beliefs. We exploit two types of idiosyncratic belief shocks: (i) instances when fund advisers experience local … hedge portfolios for aggregate unemployment and house price risk …
Persistent link: https://www.econbiz.de/10014236043