Green tilts
We estimate financial institutions' portfolio tilts that relate to stocks' environmental, social,
and governance (ESG) characteristics. We find ESG-related tilts totaling 6% of the …
and governance (ESG) characteristics. We find ESG-related tilts totaling 6% of the …
What drives the cross-border spillover of climate transition risks? Evidence from global stock markets
GST Wu, WTS Wan - International Review of Economics & Finance, 2023 - Elsevier
Despite increasing efforts to better understand the financial consequences of climate
change, the question of how climate-related financial risks could spill over across borders …
change, the question of how climate-related financial risks could spill over across borders …
[HTML][HTML] A VaR-based methodology for assessing carbon price risk across European Union economic sectors
The latest European Union measures for combating climate adopted in the “Fit for 55
package” envisage the extension of the Emissions Trading System, the first “cap-and-trade” …
package” envisage the extension of the Emissions Trading System, the first “cap-and-trade” …
[HTML][HTML] Investigating the role of passive funds in carbon-intensive capital markets: Evidence from US bonds
C Wilson, B Caldecott - Ecological Economics, 2023 - Elsevier
Capital flows in primary markets are key to the low-carbon transition, as capital raised can
finance low or high-carbon assets. Yet, fund-level climate-related disclosures have focused …
finance low or high-carbon assets. Yet, fund-level climate-related disclosures have focused …
Carbon emission and asset prices: new evidence from machine learning
F Li, X Zheng - Available at SSRN 4400681, 2023 - papers.ssrn.com
Firms that share similar business structures produce carbon emissions on a similar scale. In
this paper, we estimate a large panel of carbon emission data by US firms with a novel …
this paper, we estimate a large panel of carbon emission data by US firms with a novel …
Investing in carbon credits
L Swinkels, J Yang - Available at SSRN 4225486, 2023 - papers.ssrn.com
Compliance carbon allowances and voluntary carbon credits are important tools to reduce
carbon emissions and align production and consumption with the Paris Agreement. The four …
carbon emissions and align production and consumption with the Paris Agreement. The four …