Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...

This paper examines empirically whether countries with relatively more lax environmental regimes have a comparative advantage in their competition for foreign direct investment. It seeks to contribute to the literature in several important ways. First, we use a measure of environmental...

International trade is one of the key mechanisms for the diffusion of energy efficient technologies. Yet, little is known how regulations to fight climate change affect the international trade in goods needed to increase energy efficiency. This paper studies the case of the Energy Performance of...