find that emissions rise on impact only after an anticipated investment-specific technology shock; the response is … statistically significant after the first quarter. The same shock explains most— roughly a third—of the total variation in emissions … at a horizon of 5 years. Notably, emissions decrease on impact after an unanticipated neutral technology shock in a …

shocks. In the first three there was a supply shock and in 2020 a demand shock. Changes in oil consumption that are not …

find that emissions rise on impact only after an anticipated investment-specific technology shock; the response is … statistically significant after the first quarter. The same shock explains most-- roughly a third--of the total variation in … emissions at a horizon of 5 years. Notably, emissions decrease on impact after an unanticipated neutral technology shock in a …

shocks. In the first three there was a supply shock and in 2020 a demand shock. Changes in oil consumption that are not …