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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 …
Persistent link: https://www.econbiz.de/10013038206
Climate policies can target either the demand or the supply of fossil fuels. While demand-side policies have been analyzed in the literature and applied in policy-making, supply-side policies, e.g. deposit policies, are a promising option and a recent research focus. In this paper we study...
Persistent link: https://www.econbiz.de/10012829519
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 …
Persistent link: https://www.econbiz.de/10013307571
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 …
Persistent link: https://www.econbiz.de/10013406249
The theory of sustainable investing proposes that investors are willing to take lower returns because they relish holding green assets, which hedge climate risk by encouraging pro-environmental outcomes. We test this proposition using a large sample of green bonds and find three exciting...
Persistent link: https://www.econbiz.de/10014236707
This paper investigates the impact of the yearly announcement of realized emissions on the European carbon permit …
Persistent link: https://www.econbiz.de/10013007371
Effective environmental policy should consider how the financiers of polluting firms behave. In our theoretical model describing the periods before and after policy implementation, loan spreads for firms participating in cap-and-trade programs are a function of the costs of compliance, the...
Persistent link: https://www.econbiz.de/10012421274
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 …
Persistent link: https://www.econbiz.de/10014529773
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 …
Persistent link: https://www.econbiz.de/10014534744
We calculate the social cost of carbon (SCC) under stochastic climate volatility resulting from uncertainty about …
Persistent link: https://www.econbiz.de/10014290496