We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …

In the presence of rising concern about climate change that potentially affects risk and return of investors’ portfolio … companies, active investors might have dispersed climate risk exposures. We compute mutual fund covariance with market …-wide climate change news index and find that high (positive) climate beta funds outperform low (negative) climate beta funds by 0 …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices …

poorly or well. -- Socio-Economic Scenarios ; Climate Policy ; Mitigation ; Adaptation ; Shared Socio-Economic Pathways …

The Paris Agreement on Climate Change requests signatory countries to specify voluntary caps on their greenhouse gas … uses globally representative data from the Global Climate Change Survey to study how countries' emission reduction pledges … are related to climate action preferences of their respective citizens. The study finds the following: (1) Nations …

, unanticipated changes in present or expected future climate policy cause instantaneous discrete jumps in today's valuation of … physical and natural capital. Fourth, if timing and intensity of climate policy are uncertain, revaluation of assets occurs as … uncertainty about future climate policy is resolved. E.g. abandoning climate policy plans immediately boosts scarcity rent, market …

that the predicted pathway with existing climate technology will stay above the NDC target pathway is significantly high …. The result suggests that it is necessary to design a climate policy to improve energy intensity and carbon intensity by … accelerating the advance in climate technology …