Narrow search
Showing 1 - 10 of 95
Cover Image
Do capital markets reward corporate climate change actions? : evidence from the cost of debt
Ali, Khurshid; Nadeem, Muhammad; Pandey, Rakesh; … - In: Business strategy and the environment 32 (2023) 6, pp. 3417-3431
Persistent link: https://www.econbiz.de/10014369825
Cover Image
The role of disclosure in green finance
Steuer, Sebastian; Tröger, Tobias - 2021
optimal climate targets. We categorize the transparency obligations stipulated in green finance regulation as either …, issuer, and portfolio level. Finance theory and empirical evidence suggest that investors may prefer "green" over "dirty …. Mandatory disclosure obligations and their (public) enforcement can play an important role in green finance strategies. They …
Persistent link: https://www.econbiz.de/10012668769
Cover Image
Closed-Form Integrated Assessment and Uncertainty
Traeger, Christian - 2015
The paper derives the optimal carbon tax in closed-form from an integrated assessment of climate change. The formula shows how carbon, temperature, and economic dynamics quantify the optimal mitigation effort. The model’s descriptive power is comparable to numeric models used in policy...
Persistent link: https://www.econbiz.de/10011307130
Cover Image
On Welfare Frameworks and Catastrophic Climate Risks
Millner, Antony - 2013
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to fat-tailed' risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010328782
Cover Image
Robust dynamic energy use and climate change
Li, Xin; Narajabad, Borghan; Temzelides, Ted - In: Quantitative Economics 7 (2016) 3, pp. 821-857
We study a dynamic stochastic general equilibrium model in which agents are concerned about model uncertainty regarding climate change. An externality from greenhouse gas emissions damages the economy's capital stock. We assume that the mapping from climate change to damages is subject to...
Persistent link: https://www.econbiz.de/10011995476
Cover Image
Should Faustmann forecast climate change?
Gars, Johan; Spiro, Daniel - 2019
Climate change is predicted to substantially alter forest growth. Optimally, forest owners should take these future changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change makes predicting these shifts hard. Hence, this paper...
Persistent link: https://www.econbiz.de/10012018327
Cover Image
Dark clouds or silver linings? Knightian uncertainty and climate change
Chen, Yu-fu; Funke, Michael; Glanemann, Nicole - 2011
This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguity. Additionally, numerical simulations are provided to...
Persistent link: https://www.econbiz.de/10010277366
Cover Image
Politische Klimaanpassungsentscheidungen in Deutschland - Defizite und Ansatzpunkte für Entscheidungsunterstützungssysteme
Trela, Karl - 2014
Klimaanpassungspolitik wird in Deutschland auf verschiedenen politischen Ebenen betrieben. Dieses Papier untersucht auf Grundlage der ökonomischen Theorie der Anpassungspolitik Defizite dieser Politikansätze. Diese liegen in erster Linie in den folgenden Bereichen: unklare Abgrenzung von...
Persistent link: https://www.econbiz.de/10010435182
Cover Image
Accounting for Different Uncertainties: Implications for Climate Investments?
Hector, Svenja - 2013
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10011753252
Cover Image
Explosive Oil Prices
Gronwald, Marc - 2013
This paper deals with three aspects of spectacular oil price episodes such as the one witnessed in 2008. First, the concept of temporary explosiveness is proposed as an empirical method for capturing this type of behavior. The application of a recently proposed recursive unit root test shows...
Persistent link: https://www.econbiz.de/10010319395