In accordance with the modalities and procedures for a Clean Development Mechanism (CDM) decided in Marrakech 2001, "Parties participating in the CDM shall designate a national authority for the CDM." Till date only 89 Parties have established their Designated National Authority (DNA). Capacity...

German Abstract: ZusammenfassungDer vorliegende Forschungsbericht untersucht das Dekarbonisierungspotenzial von Anlageportfolios deutscher Pensionskassen im Kontext des Klimawandels und zeigt ein konzeptionelles Vorgehen auf, um das tatsächliche Potenzial zu messen. Anhand des Klimawandel und...

We examine the actions of financial institutions and firms regarding greenhouse gas emissions. We find that financial institutions around the world reduce their exposure to stocks of high-emission industries after 2015, especially for those located in high-climate-awareness countries, suggesting...

Carbon Trading is one of the key issues which is increasingly becoming hot topic of debate around the globe with the ever increasing problem of global warming. The genesis of carbon trading lies in the Kyoto Protocol. The present paper seeks to shed some light on the conceptual idea of carbon...

Emission trading Scheme (ETS) is gaining momentum with its increasing market size and constantly improving information transmission mechanisms. With carbon assets becoming prominent as an alternative asset in investment portfolios, the ETS market has engaged a broad range of participants,...

Compliance carbon allowances and voluntary carbon credits are important tools to reduce carbon emissions and align production and consumption with the Paris Agreement. The four sizable compliance carbon allowance markets accessible to investors are those of the European Union, United Kingdom,...

We develop indices of Twitter-based Chinese Climate Uncertainty (TC-CU) and Climate Policy Uncertainty (TC-CPU). Our indices spike with climate change-related president announcements, UN climate change conferences, climate change-related flood deaths, warning about melting glaciers in China's...