Showing 111 - 120 of 84,435
I exploit a new dataset from Four Twenty Seven and identify physical climate risk factors that can explain the variation in global individual stock returns. North American stocks are currently exposed to an extreme rainfall factor and an overall climate risk factor. European and Japanese stocks...
Persistent link: https://www.econbiz.de/10012857999
-produced carbon dioxide, methane, and nitrous oxide resulting from activities involving factory farming, livestock farming, and …
Persistent link: https://www.econbiz.de/10012860703
The New Zealand Emissions Trading Scheme (NZ ETS) is an intensity-based system and the second oldest national ETS. It is unique in that it is highly international (with unlimited use of Kyoto allowances) and it incorporates forestry. We provide the first empirical analysis of the determinants of...
Persistent link: https://www.econbiz.de/10012993042
effectiveness of the financial market for this transition to a low-carbon economy depends on attracting investors and removing … economic activities to accelerate a low-carbon transition. …
Persistent link: https://www.econbiz.de/10013041187
The purpose of the paper is to establish national carbon emissions prices for the People's Republic of China, which is … one of the world's largest producers of carbon emissions. Several measures have been undertaken to address climate change … in China, including the establishment of a carbon trading system. Since 2013, eight regional carbon emissions markets …
Persistent link: https://www.econbiz.de/10012923317
The purpose of the paper is to provide a clear mechanism for determining carbon emissions pricing in China as a guide … to how carbon emissions might be mitigated to reduce fossil fuel pollution. The Chinese Government has promoted the … in carbon emissions control, a series of regional and provincial carbon markets have been established since 2013. Since …
Persistent link: https://www.econbiz.de/10012930566
We develop a framework for natural resource valuation that directly addresses the fundamental collective action problem in environmental protection. Our framework uses the lessons of behavioral economics to create values that individual decision makers find credible and relatable, in addition to...
Persistent link: https://www.econbiz.de/10012606984
the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon … beta). We study carbon pricing and financial incentives in a consumption-based asset pricing model distorted by technology … abatement. However, their effect on the carbon beta and risk premium of abatement can be decreasing (when innovation spillovers …
Persistent link: https://www.econbiz.de/10012607579
-disclosed emissions, both in the U.S. sample and in Europe. Investors might want to be cautious about assuming that carbon emissions are …
Persistent link: https://www.econbiz.de/10013234176
Chinese carbon emission allowance trading market. Assuming that the cost for carbon emission reduction is a normally … distributed random variable, enterprises are risk-neutral, and the total quantity of emissions allowances for the whole carbon … market is a given, exogenous variable, carbon emission allowance price is a linear function, the model shows that CO2 price …
Persistent link: https://www.econbiz.de/10013238855