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.Theoretical/Academic Implications: Academic research is growing on the role of climate change risk and carbon emissions in corporate decisions. The …
Persistent link: https://www.econbiz.de/10014243010
We investigate whether the Russia-Ukraine conflict has affected investors' assessment concerning a green energy transition. Based on a global energy sector sample, we apply an event study around the invasion on February 24, 2022. We find that energy firms' CAAR are positive around the event....
Persistent link: https://www.econbiz.de/10013405628
Anthropogenic climate change is one of the most pressing global issues today and finding means of mitigation is of utmost importance. To this end, we investigate whether carbon taxes on their own and coupled with revenue recycling schemes (symmetric or asymmetric carbon dividends) improve...
Persistent link: https://www.econbiz.de/10014299585
institutions around the world reduce their exposure to stocks of high-emission industries after 2015, especially for those located …
Persistent link: https://www.econbiz.de/10012835398
We find that people revise their beliefs about climate change upward when experiencing warmer than usual temperatures in their area. Using international data, we show that attention to climate change, as proxied by Google search volume, increases when the local temperature is abnormally high. In...
Persistent link: https://www.econbiz.de/10012852282
increase their cash holdings as a response to climate risk. This effect is drivenby financially constrained firms and becomes … significantly stronger after the release of the SternReview that improved awareness about climate risk. Results fit consistently …
Persistent link: https://www.econbiz.de/10013244687
The Bali Action Plan (BAP) indicated the importance of “measurable, reportable and verifiable” (MRV) greenhouse gas (GHG) mitigation actions and commitments, as well as support for GHG mitigation actions, in the post-2012 climate framework. Negotiations underway for this framework have...
Persistent link: https://www.econbiz.de/10012454038
Developed countries have committed under the international negotiations to jointly mobilising USD 100 billion per year by 2020 for climate change mitigation and adaptation in developing countries. Yet consistent and comprehensive data to track this commitment are currently lacking. Such data...
Persistent link: https://www.econbiz.de/10012454553
substantial increase in systemic risk. The effect is more pronounced for banks with higher climate change exposure, higher loan … states, we find that climate adaptation actions lessen systemic risk due to climate change. Our findings provide suggestive …
Persistent link: https://www.econbiz.de/10014235791