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Ilhan, Emirhan; Sautner, Zacharias; Vilkov, Grigory - In: The review of financial studies 34 (2021) 3, pp. 1540-1571

Persistent link: https://www.econbiz.de/10012434850

Exploring options to measure the climate consistency of real economy investments : the transport sector in Latvia

Dobrinevski, Alexander; Jachnik, Raphaël - 2020

Mitigating climate change requires aligning real economy investments with climate objectives. This pilot study measures the climate consistency of investments in transport infrastructure and vehicles in Latvia between 2008 and 2018, estimated at EUR 1.5 billion per year on average. To do so,...

Persistent link: https://www.econbiz.de/10012422659

What we know and don't know about climate change, and implications for policy

Pindyck, Robert S. - 2020 - This draft: May 11, 2020

There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...

Persistent link: https://www.econbiz.de/10012225170

Integration of the Global Carbon Markets

Mizrach, Bruce - 2014

This paper analyzes the market architecture and common factors of emission reduction instruments in Europe and North America. Spot and futures prices across exchanges in Europe are cointegrated, but the futures curve beyond the calendar year evolves independently. Despite narrower spreads,...

Persistent link: https://www.econbiz.de/10013070336

Potential climate risks in financial markets : a literature overview

Hjort, Ingrid - 2016 - Last modified Feb 3, 2016

financial markets. The climate related risk is divided into three subcategories, the environmental uncertainty, the economic … climate risk and the climate policy risk, which all of them may affect the markets directly or indirectly. The perspective is … market valuation of the climate risk. …

Persistent link: https://www.econbiz.de/10011440405

Firm-Level Risk of Climate Change : Evidence from Climate Disasters

Ai, Li; Silva Gao, Lucia - 2023

, suggesting that this risk is somewhat unpredictable and undiversifiable. Furthermore, geographic dispersion increases firms …

Persistent link: https://www.econbiz.de/10014256746

Carbon boards and transition risk: explicit and implicit exposure implications for total stock returns and dividend payouts

Mazzarano, Matteo; Guastella, Gianni; Pareglio, Stefano; … - 2021

The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …

Persistent link: https://www.econbiz.de/10012694482

Assessing the influence of climate risk, carbon allowances, and technological factors on the ESG market in the European union

Pata, Ugur Korkut; Mohammed, Kamel Si; Serret, Vanessa; … - In: Borsa Istanbul Review 24 (2024) 4, pp. 828-837

the EU Sustainable Development Goals, this study aims to examine the impact of climate risk uncertainties (transitional … technological progress reduce ESG progress. This shows that the risk of climate change requires the introduction of stricter …

Persistent link: https://www.econbiz.de/10014635477

Offset carbon emissions or pay a price premium for avoiding them? : a cross-country analysis of motives for climate protection activities

Schwirplies, Claudia; Ziegler, Andreas - 2015

This paper contributes to the economic literature on pure and impure public goods by considering two alternatives for contributing to the public good climate protection: compensating carbon emissions from conventional consumption or paying higher prices for climate-friendly products. We...

Persistent link: https://www.econbiz.de/10010467110

On the interrelation between carbon offsetting and other voluntary climate protection activities : theory and empirical evidencey

Lange, Andreas; Schwirplies, Claudia; Ziegler, Andreas - 2014

This paper provides theoretical and empirical insights on the extent to which the availability of carbon offsetting may substitute the individual use of other carbon-reducing measures. Theoretically, we demonstrate an ambiguous impact of offsetting on the use of other measures and derive...

Persistent link: https://www.econbiz.de/10010399732