Related papers: Strategic Investment to Mitigate Transition Risks
Climate adaptation could yield significant benefits. However, the uncertainty of which future climate scenarios will occur decreases the feasibility of proactively adapting. Climate adaptation projects could be underwritten by benefits paid…
This article evaluates the types of typical renewable energy technologies separately. Switching from fossil-fuel-based technology to green energies is time-consuming and requires a high investment cost. In addition, the production of energy…
The most dangerous effects of anthropogenic climate change can be mitigated by using emissions taxes or other regulatory interventions to reduce greenhouse gas (GHG) emissions. This paper takes a regulatory viewpoint and describes the…
There is much disagreement concerning how best to control global carbon emissions. We explore quantitatively how different control schemes affect the collective emission dynamics of a population of emitting entities. We uncover a complex…
We propose an evolutionary competition model to investigate the green transition of firms, highlighting the role of adjustment costs, dynamically adjusted transition risk, and green technology progress in this process. Firms base their…
Achieving net-zero carbon emissions requires a transformation of energy systems, industrial processes, and consumption patterns. In particular, a transition towards that goal involves a gradual reduction of excess carbon emissions that are…
The transition to decarbonized energy systems has become a priority globally to mitigate carbon emissions and, therefore, climate change. However, the vulnerabilities of zero-carbon power grids under climatic and technological changes have…
This paper presents an analysis of climate policy instruments for the decarbonisation of the global electricity sector in a non-equilibrium economic and technology diffusion perspective. Energy markets are driven by innovation,…
It is important for policymakers to understand which financial policies are effective in increasing climate risk disclosure in corporate reporting. We use machine learning to automatically identify disclosures of five different types of…
This work discusses the benefits of constrained portfolio turnover strategies for small to medium-sized portfolios. We propose a dynamic multi-period model that aims to minimize transaction costs and maximize terminal wealth levels whilst…
Natural hazards can considerably impact the overall society of a country. As some degree of public sector involvement is always necessary to deal with the consequences of natural disasters, central governments have increasingly invested in…
Low-carbon electricity is a key enabler in combating climate change. Decarbonising the power sector is now at the centre of global and European policies. As the IPCC highlights, pathways where the power sector rapidly decarbonises by 2030…
This article studies the impact of carbon risk on stock pricing. To address this, we consider the seminal approach of G\"orgen \textsl{et al.} (2019), who proposed estimating the carbon financial risk of equities by their carbon beta. To…
An essential facet of achieving climate neutrality by 2045 is the decarbonization of municipal energy systems. To accomplish this, it is necessary to establish implementation concepts that detail the timing, location, and specific measures…
Carbon credits are a key component of most national and organizational climate strategies. Financing and delivering carbon credits from forest-related activities faces multiple risks at the project and asset levels. Financial mechanisms are…
We study how the climate transition through a low-carbon economy, implemented by carbon pricing, propagates in a credit portfolio and precisely describe how carbon price dynamics affects credit risk measures such as probability of default,…
The transition to more environmentally sustainable production processes and managerial practices is an increasingly important topic. Many industries need to undergo radical change to meet environmental sustainability requirements; the…
India, being one of the fastest growing economies of the world, must take a sustainable path for development. India is responsible for 7 percent of global CO2 emissions. The electricity sector accounts for nearly 35 percent of emissions…
Sustainable road freight transport becomes indispensable in the field of transportation and logistics. The new technological change, the environmental impacts, and social responsibility laid freight road transport in front of various…
The global energy landscape is undergoing a profound transformation, often referred to as the energy transition, driven by the urgent need to mitigate climate change, reduce greenhouse gas emissions, and ensure sustainable energy supplies.…