This study sheds light on a new type of sustainable investment approach, namely environmental, social, and governance (ESG) momentum. We provide both a theoretical discussion and an empirical comparison of this new approach and put it in perspective to traditional weighting schemes considered by...

We analyse the impact of environmental policy in a vertical chain where an upstream monopolist uses a mixed portfolio, consisting of a polluting and a green technology. We examine and compare a no-intervention benchmark, a green subsidy, an abatement tax, a mandatory green standard, and a...