We construct measures of firms' beliefs about climate regulation, plans for future abatement, and current actions on emissions mitigation, using Carbon Disclosure Project data. These measures vary significantly around the Paris climate change agreement announcement. A dynamic model of a...

With the Swedish student Greta Thunberg, the protest for the environment has taken on a personal face. Her central statement is: "Politicians are doing far too little for climate protection. This is irresponsible towards the youth." Something new has happened: Suddenly young people have become...

Why do damages from changes in environmental quality differ across and within countries? Causal investigation of this question has been challenging because differences may stem from heterogeneity in cumulative exposure or differences in socioeconomic factors such as income. We revisit the...

Differential access to health care is commonly cited as a source of heterogeneity in the health effects of environmental exposure, yet little causal evidence exists to support such claims. We test this hypothesis by utilizing exogenous variation in both access to health care and environmental...

We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using an expansion-in-varieties growth model with polluting non-renewable resources. Climate change harms the capital stock. Our main contribution is to introduce and extensively explore the naturally...

We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...

We examine climate transition risk in New Zealand (NZ) equities given that NZ's greenhouse gas (GHG) emissions are dominated by agricultural emissions and that carbon pricing has been in place since 2008. Only around half of NZX50 companies disclose emissions and that disclosure is driven by,...

As an important step towards building a “harmonious society” through “scientific development,” China has incorporated for the first time in its five-year economic plan an energy input indicator as a constraint. While it achieved a quadrupling of its GDP while cutting its energy intensity...

We’ve been encouraged to think that climate change is just caused by the excess anthropogenic emission of carbon dioxide and methane, and that the impacts can be mitigated by reducing our emission of the greenhouse gases. This is not going to work…..The entire world has over-focused on...