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Pricing Pollution: Asset-Pricing Implications of the EU Emissions Trading System

We investigate implications of the EU Emissions Trading System for the stock prices of regulated firms.

Dries Laurs, Philip Stork, Remco C.J. Zwinkels

Pricing Pollution: Asset-Pricing Implications of the EU Emissions Trading System

Are Investors Paying to be Green? Evidence from Mutual Funds

We study how investors' preferences for green investments drive mutual fund allocation decisions and how mutual fund managers respond …

Joop Huij, Dries Laurs, Philip Stork, Remco C.J. Zwinkels

Are Investors Paying to be Green? Evidence from Mutual Funds

Carbon Beta: A Market-Based Measure of Climate Transition Risk Exposure

We propose an asset-level indicator of climate risk determined by the asset’s comovement with a carbon risk factor.

Joop Huij, Dries Laurs, Philip Stork, Remco C.J. Zwinkels

Carbon Beta: A Market-Based Measure of Climate Transition Risk Exposure