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Modelling the impact of different permit allocation rules on optimal power plant portfolios

Weber, Christoph; Vogel, Philip; Woll, Oliver - 2007

number of models, the impact of rules for primary permit allocation has so far hardly been focused on. This was mostly seen … permit allocation rules shows that the number of permits allocated to new plants often depends on their fuel and technology … generation technologies, emission constraints, endogenous investment allocation rules and price elasticity of demand. In …

Persistent link: https://www.econbiz.de/10010425878

Corporate Carbon Emissions Data for Equity and Bond Portfolios

Markwat, Thijs D.; Swinkels, Laurens - 2023

We compare corporate carbon emissions data of four data providers for investment universes relevant for investors in developed and emerging equity markets, as well as investment grade and high yield corporate bond markets. In contrast to Environmental, Social, and Governance sustainability...

Persistent link: https://www.econbiz.de/10014254770

Asset diversification versus climate action

Hambel, Christoph; Kraft, Holger; Ploeg, Frederick van der - 2020

Asset pricing and climate policy are analyzed in a global economy where consumption goods are produced by both a green and a carbon-intensive sector. We allow for endogenous growth and three types of damages from global warming. It is shown that, initially, the desire to diversify assets...

Persistent link: https://www.econbiz.de/10012258563

Carbon dioxide as a risky asset

Bauer, Adam Michael; Proistosescu, Cristian; Wagner, Gernot - 2023

We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change's sixth assessment report. We find that this approach provides economic support for the...

Persistent link: https://www.econbiz.de/10013549072

Can China's national carbon trading market hedge the risks of light and medium crude oil? : a comparative analysis with the European carbon market

Zhu, Pengfei; Lu, Tuantuan; Shang, Yue; Zhang, Zerong; … - In: Finance research letters 58 (2023) 1, pp. 1-8

Persistent link: https://www.econbiz.de/10014580529

Time-frequency connectedness and spillover among carbon, climate, and energy futures : determinants and portfolio risk management implications

Mohammad Enamul Hoque; Low, Soo Wah; Syed Mabruk Billah - In: Energy economics 127 (2023) 2, pp. 1-24

Persistent link: https://www.econbiz.de/10014490834

A Quantity-Based Approach to Constructing Climate Risk Hedge Portfolios

Alekseev, Georgij; Giglio, Stefano; Maingi, Quinn; … - 2022

We propose a new methodology to build portfolios that hedge the economic and financial risks from climate change. Our quantity-based approach exploits information on how mutual fund managers trade in response to idiosyncratic changes in their climate risk beliefs. We exploit two types of...

Persistent link: https://www.econbiz.de/10014236043

Risk measurement of international carbon market based on multiple risk factors heterogeneous dependence

Chen, Zhang; Yang, Yu; Yun, Po - In: Finance research letters 32 (2020), pp. 1-10

Persistent link: https://www.econbiz.de/10012430683

Managing Momentum in Climate Negotiations

Carattini, Stefano; Löschel, Andreas - 2021

The Conference of the Parties (COP) has proven a valuable outlet to advance the climate agenda. The combination of high media coverage, extremely high expectations set by influential environmentalists, and unanimity rules has, however, started to limit its effectiveness. Technical issues can...

Persistent link: https://www.econbiz.de/10013314894

Tradeable Permits in a Policy Portfolio : Institutional Diversity as Evolutionary Advantage?

Woerdman, Edwin; de Vries, Frans P. - 2013

"Standard" environmental economics considers emissions trading to be the most effective and efficient policy instrument to meet the emission target. However, a popular view is that tradeable permits should be part of a policy portfolio, including other instruments, to reach this goal. Support...

Persistent link: https://www.econbiz.de/10014053385

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