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Type Scientific Publication In Electronic Form
Scope Discipline-based scholarship
Title Stock price rewards for climate saints and sinners
Organization Unit
Authors
  • Stefano Ramelli
  • Alexander Wagner
  • Alexandre Ziegler
  • Richard Zeckhauser
Language
  • English
Place of Publication London
Publisher VoxEU, CEPR Policy Portal
Date 2018-10-29
Abstract Text President Trump’s election and the nomination of Scott Pruitt to lead the Environmental Protection Agency changed expectations of US climate change policy. This column uses movements in US stock prices to show that firms with high carbon intensity benefited, as expected, but so did firms with ‘responsible’ strategies on climate change. A significant group of investors raise the value of firms taking a long-term perspective.
Free access at Official URL
Official URL https://voxeu.org/article/stock-price-rewards-climate-saints-and-sinners
Other Identification Number merlin-id:17202
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