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Carbon boards and transition risk: explicit and implicit exposure implications for total stock returns and dividend payouts

Mazzarano, Matteo; Guastella, Gianni; Pareglio, Stefano; … - 2021

The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …

Persistent link: https://www.econbiz.de/10012694482

What we know and don't know about climate change, and implications for policy

Pindyck, Robert S. - 2020 - This draft: May 11, 2020

There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...

Persistent link: https://www.econbiz.de/10012225170

Climate risks and carbon prices : revising the social cost of carbon

Ackerman, Frank; Stanton, Elizabeth A. - 2011

The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact of...

Persistent link: https://www.econbiz.de/10009304029

Climate risks and carbon prices : revising the social cost of carbon

Ackerman, Frank; Stanton, Elizabeth A. - 2012

The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact...

Persistent link: https://www.econbiz.de/10009521469

The Climate Risk Premium : How Uncertainty Affects the Social Cost of Carbon

Lemoine, Derek - 2020

I analyze the marginal value of reducing greenhouse gas emissions (the "social cost of carbon") under uncertainty about warming, under uncertainty about how much warming reduces consumption, and under stochastic shocks to consumption growth. I theoretically demonstrate that each of these sources...

Persistent link: https://www.econbiz.de/10012856351

Climate Impacts on Economic Growth as Drivers of Uncertainty in the Social Cost of Carbon

Moyer, Elisabeth J. - 2015

One of the central ways that the costs of global warming are incorporated into U.S. law is in cost-benefit analysis of federal regulations. In 2010, to standardize analyses, an Interagency Working Group (IAWG) established a central estimate of the social cost of carbon (SCC) of $21/tCO2 drawn...

Persistent link: https://www.econbiz.de/10013035197

Endogenous Growth, Convexity of Damages and Climate Risk : How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions

Dietz, Simon - 2014

risk -- optimal policy comprises strong controls. To focus on these features and facilitate comparison with Nordhaus' work …

Persistent link: https://www.econbiz.de/10013050340

Asset diversification versus climate action

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

price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …

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

Climate policies under climate model uncertainty : max-min and min-max regret

Rezai, Armon; Ploeg, Frederick van der - 2017 - Revised May 2017

Temperature responses and optimal climate policies depend crucially on the choice of a particular climate model. To illustrate, the temperature responses to given emission reduction paths implied by the climate modules of the well-known integrated assessments models DICE, FUND and PAGE are...

Persistent link: https://www.econbiz.de/10011718250

The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty

van der Ploeg, Rick; Emmerling, Johannes; Groom, Ben - 2022

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

Persistent link: https://www.econbiz.de/10014082790

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