. It shows that greater uncertainty about climate cost (for given unconditional expected costs) then delays the retrofit … infrastructure when uncertainty is greater. These decisions are efficient given that energy and carbon prices facing the decision … maker are (globally) correct, but would be inefficient when they are lower, as typical in practice. Greater uncertainty …

We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets … by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic … impact. Stock options on firms with establishments exposed to the landfall region exhibit increases in implied volatility of …

We document that climate uncertainty negatively affects corporate investment. The effect is more pronounced for firms … adaptation plans mitigate the negative effects of climate uncertainty on corporate investment. We establish this result using the … corporate investment, but climate adaptation plans shield firms from climate uncertainty contributing to investment resilience …

that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to … the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to …

green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air …Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce … pollution that lead to fluctuations in subsidy allocations: Firms in cities where weather-driven subsidy uncertainty is high …

How damaging are uncertainty shocks during extreme events such as the great recession and the Covid-19 outbreak? Can … activity to a financial uncertainty shock during the great recession. We replicate this evidence with an estimated DSGE … framework featuring a concept of uncertainty comparable to that in our VAR. We employ the DSGE model to quantify the impact on …

and transmission pathway of CCRR proxies (green index, carbon price, general and climate uncertainty) on US Small Minus … energy innovation industry (green companies) and climate policy uncertainty are drivers of the transmission spillover network …

-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude … is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …