Concerns about fairness among countries remain significant obstacles to a stronger global climate treaty. This paper addresses the distributional implications of two mechanisms to strengthen the Paris Agreement: the incorporation of national carbon pricing, and the tightening of nationally...

Agriculture, forestry and other land use (AFOLU) represent 22% of global greenhouse gas emissions. To meet the objectives of the Paris Agreement, the AFOLU sector greenhouse gases must be dramatically reduced and eventually transformed to net negative CO2e within this century. The...

Using a 2009-2019 sample of Chinese bond issuers, we examine the effect of carbon risk on bond financing costs. Relative to low carbon risk issuers, high carbon risk issuers have substantially larger bond credit spreads, mainly because their credit risk is greater and they invest the funds in...

Present research is aimed to examine the factors affecting the disclosure of corporate carbon emission. Investors, especially shareholders, largely rely upon the disclosure of financial and other data to determine the firm value. However, disclosure of environmental performance such as carbon...