Uncertainty surrounding if the U.S. will implement a federal climate policy introduces risk into the decision to invest …, general equilibrium model to quantify the macroeconomic impacts of this climate policy transition risk. The model incorporates … lower carbon economy. We find that climate policy transition risk decreases carbon emissions today by causing investment to …

perspectives, specifically including climate policy uncertainty (CPU), geopolitical risk (GPR), economic policy uncertainty (EPU … investigate the impact of different uncertainty measures on oil market fear. Our uncertainty measures consider multiple … uncertainty measures containing different information content. In particular, the CPU has become increasingly important for …