We investigate carbon risk in global equity prices. We develop a measure of carbon risk using industry standard …. We construct a carbon risk factor-mimicking portfolio to understand carbon risk through the lens of a factor-based asset … pricing model. While carbon risk explains systematic return variation well, we do not find evidence of a carbon risk premium …

Among technological options to mitigate greenhouse gas (GHG) emissions, Carbon Capture and Storage technology (CCS … exhaustible resource and an expensive carbon-free renewable resource, in which an environmental regulation is imposed through a … cap on the atmospheric carbon stock. We assume that only the emissions from one sector can be captured. Previous …

venture creation in and financing of green (low carbon), brown (fossil fuel) and gray (unrelated to natural resources …

The aim of this paper is to study the performance of carbon-based portfolios when all emissions scopes are accounted … for. We formalize low-carbon portfolio strategies by integrating a carbon intensity penalty to a constrained mean … for reasonable levels of the carbon constraint. These results are valid across various choices of risk aversions, and …

We explore corporate environmental accountability by examining how carbon emissions affect voluntary climate …, our results show that firms with higher levels of carbon emissions disclose more climate-related information. This … relation is stronger in firms belonging to carbon intensive industries, such as energy, materials, and utilities. We also …

The purpose of the paper is to establish national carbon emissions prices for the People's Republic of China, which is … one of the world's largest producers of carbon emissions. Several measures have been undertaken to address climate change … in China, including the establishment of a carbon trading system. Since 2013, eight regional carbon emissions markets …

The purpose of the paper is to provide a clear mechanism for determining carbon emissions pricing in China as a guide … to how carbon emissions might be mitigated to reduce fossil fuel pollution. The Chinese Government has promoted the … in carbon emissions control, a series of regional and provincial carbon markets have been established since 2013. Since …

The purpose of the paper is to establish national carbon emissions prices for the People's Republic of China, which is … one of the world's largest producers of carbon emissions. Several measures have been undertaken to address climate change … in China, including the establishment of a carbon trading system. Since 2013, eight regional carbon emissions markets …

carbon emission intensity. We find that high emission intensity firms tend to underperform after the release of environmental … distribution of emission intensity. These results suggest that investors care about and price carbon risk, but only when this risk …