Asset diversification versus climate action

DOI10.1111/IERE.12691MaRDI QIDQ6616580zbMATH OpenFDO

Authors Christoph Hambel, Holger Kraft, Frederick van der Ploeg

Publication date 9 October 2024

Published in International Economic Review (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Full work available at URL https://doi.org/10.1111/IERE.12691

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Recommendations

• Mitigating disaster risks caused by carbon emissions
• Climate uncertainty and carbon emissions prices: the relative roles of transition and physical climate risks
• Mitigating disaster risks in the age of climate change
• Hedging climate risks with green assets

Cites work

• Continuous-time security pricing. A utility gradient approach
• Energy efficiency and directed technical change: implications for climate change mitigation
• On the size distribution of macroeconomic disasters
• Optimal taxes on fossil fuel in general equilibrium
• Rare disasters and asset markets in the twentieth century
• Stochastic Differential Utility
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• Temperature shocks and welfare costs
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• Transitional Impacts of Environmental Policy in an Endogenous Growth Model

Cited in

(4)

• Mitigating disaster risks in the age of climate change
• Mitigating disaster risks caused by carbon emissions
• Green investors and the return on capital in general equilibrium
• Three reasons to price carbon under uncertainty: accuracy of simple rules

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