The Economics of Corporate Climate Change

Forskningsenhed: CEBR


Abstract:
Greenhouse gas (GHC) emissions from corporations have a major impact on global climate changes and have been labelled the biggest market failure the world has ever seen by Professor Stern and others (Stern 2007). While much research has been done of regarding the reductions of CO2 emissions and the lack of reliable forecasts regarding the costs and benefits associated with alternative emissions scenarios (Stern 2007), to our knowledge no previous empirical literature has made systematic firm level link between reducing corporate greenhouse gas emission and the corporate finance implications.

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