We investigate the impact of expectations about future climate policy on investment decisions of fossil fuel firms. Our empirical analysis reveals that firms with greater exposure to climate change significantly increased their investment in response to the Paris Agreement, in contrast to firms...

This paper is, to our knowledge, the first paper in climate economics to consider the combination of spatial heat transport and polar amplification. We simplified the problem by stratifying the Earth into latitude belts and assuming, as in North et al. (1981), that the two hemispheres were...

The energy transition requires substantial amounts of metals such as copper, nickel, cobalt and lithium. Are these metals a key bottleneck? We identify metal-specific demand shocks, estimate supply elasticities and pin down the price impact of the energy transition in a structural scenario...

Rapidly rising carbon emissions from the intense development of Western Canada's fossil fuels continue to aggravate the global climate emergency and destabilize democratic structures. The urgency of the situation demands not only scholarly understanding, but effective action. Regime of...

Die internationale Klimakonferenz von Paris stellt einen weiteren Versuch dar, für die Bereitstellung des globalen öffentlichen Guts Klimaschutz die notwendige Kooperation zwischen den verhandelnden Staaten zu organisieren. Dabei geht es im Wesentlichen um die Verteilung der damit verbundenen...

Die internationale Klimakonferenz von Paris stellt einen weiteren Versuch dar, für die Bereitstellung des globalen öffentlichen Guts Klimaschutz die notwendige Kooperation zwischen den verhandelnden Staaten zu organisieren. Dabei geht es im Wesentlichen um die Verteilung der damit verbundenen...