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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
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/10012608032
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
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
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
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
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