Results 251 to 260 of about 35,390 (296)

Capital Reallocation Under Climate Policy Uncertainty

open access: yesSSRN Electronic Journal, 2023
In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find 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
Khalil, Makram, Strobel, Felix
openaire   +3 more sources

Measuring Climate Policy Uncertainty

SSRN Electronic Journal, 2021
This study presents a new measure of uncertainty related to climate policy, based on news from major US newspapers. The Climate Policy Uncertainty (CPU) index spikes near important events related to climate policy, such as new emissions legislation, global strikes about climate change and President’s statements about climate policy, among other ...
openaire   +1 more source

Uncertainty and Climate-change Policy

2005
Abstract One of the major issues in climate-change policy is the considerable uncertainty that surrounds many of the elements needed, in terms of the scientific understanding of the processes driving climate change, for example the risk of possible catastrophic effects of climate change, the impacts of any such changes on society and ...
Ulph, A., Ingham, A.
openaire   +2 more sources

Climate policy uncertainty and firm investment

International Journal of Finance & Economics, 2023
AbstractThis article investigates the relation between climate policy uncertainty and firm investment in China. We quantify climate policy uncertainty in China based on the news from two leading mainland newspapers: the Renmin Daily and the Guangming Daily.
Tao Huang, Zeyu Sun
openaire   +1 more source

Climate Policy and Uncertainty

Energy & Environment, 2001
This paper addresses the issue of the global and quantity-based design character of the Kyoto Protocol, where Annex-Parties' commitments are based on national emissions' ceilings and trading (under KP Art. 17) based thereupon. It is argued that the design could have been quite different, e.g.
openaire   +2 more sources

The Role of Uncertainty in Climate Policy

2022
AbstractThis chapter explains the policy implications of climate change uncertainty. First, the uncertainty (particularly over the possibility of a catastrophic climate outcome) creates insurance value, which pushes us to earlier and stronger actions to reduce CO2 emissions. Second, uncertainty interacts with two kinds of irreversibilities: CO2 remains
openaire   +1 more source

Climate policy uncertainty and corporate dividends

Finance Research Letters
Sabrine Ayed   +2 more
exaly   +2 more sources

Climate Policy under Uncertainty

2011
Die Herausforderungen des Klimawandels sind beispiellos in ihrem Ausmaß und ihrer Komplexität. Grob gesprochen sind es drei Aspekte, die den Klimawandel so problematisch machen. Der Klimawandel ist global, sowohl in seinen Ursachen als auch seiner Wirkung; seine Folgen werden über Jahrhunderte und viele Generationen zu spüren sein; und nicht zuletzt ...
openaire   +1 more source

Climate Policy Uncertainty and Corporate Leverage Policies

SSRN Electronic Journal, 2022
Sylvester Adasi Manu   +2 more
openaire   +1 more source

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