Investment consequences of the Paris climate agreement

Covington, Howard E.

doi:10.1080/20430795.2016.1196556

Cited by 10 publications

(3 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…There is wide international consensus that limiting global temperature increase to 2 °C above preindustrial levels is crucial to mitigate the most adverse effects of anthropogenic climate change (UNFCCC, 2015). As meeting the 2 °C threshold requires significant investment, a decisive role devolves on financial markets to finance the low-carbon transition (Campiglio, 2016;Covington, 2017;UNEP FI, 2009). In the financial sector, climate change is addressed through a broad range of sustainable investing (SI) practices, which combine financial objectives with nonfinancial concerns.…”

Section: Introductionmentioning

confidence: 99%

Climate Information in Retail Investors’ Decision-Making: Evidence From a Choice Experiment

Bassen

Gödker

Lüdeke‐Freund

et al. 2018

Organization & Environment

View full text Add to dashboard Cite

Financial markets play a decisive role in the transition to a low-carbon economy. This study investigates the role of climate information presentation for climate-friendly investing among retail investors. We conduct a choice experiment in which we vary the presentation format of climate information by means of three label designs to test their influence on investment practices. We provide empirical evidence for the effectiveness of climate labeling as a potential nudge for climate-friendly investing. Furthermore, we find heterogeneity in the influence of climate information across different label designs and cognitive characteristics of investors. Intuitive (reflective) decision makers tend to place significantly more (less) weight on funds’ climate performance compared with financial performance—irrespective of a participant’s environmental preference.

show abstract

Section: Introductionmentioning

confidence: 99%

Climate Information in Retail Investors’ Decision-Making: Evidence From a Choice Experiment

Bassen

Gödker

Lüdeke‐Freund

et al. 2018

Organization & Environment

View full text Add to dashboard Cite

show abstract

“…The question remains, however, if they are practical. The Paris Agreement commitments will require significant financing and access to the capital markets, including a rapid ramp‐up of ‘green bonds,’ ‘climate bonds,’ or other innovative capital financing structures . Moving beyond methodological approaches to determine solar city potential, the article explores possible pathways for the actual implementation of solar cities using capital market finance strategies that are consistent with the emerging green bond and climate bond markets.…”

Section: Resultsmentioning

confidence: 99%

Multivariate analysis of solar city economics: impact of energy prices, policy, finance, and cost on urban photovoltaic power plant implementation

Byrne

Taminiau

Kim

et al. 2017

WIREs Energy & Environment

View full text Add to dashboard Cite

Previous research suggests that the potential for city‐scale photovoltaic (PV) applications is substantial across the globe. Successful implementation of ‘solar city’ options will depend on the strategic application of finance mechanisms, solar energy soft cost policies, and other policy tools, as well as the grid price of electricity. Capital markets recently have embraced the roll‐out of new financial instruments, including ‘green bonds,’ which could be incorporated into solar city project design to attract large investments at a low cost. A multivariate analysis method is employed to consider solar city possibilities for six cities: Amsterdam, London, Munich, New York, Seoul, and Tokyo. A Monte Carlo simulation is conducted to capture the probabilistic nature of uncertainties in the parameters and their relative importance to the financial viability of a solar city project. The analysis finds that solar city implementation strategies can be practical under a broad range of circumstances. WIREs Energy Environ 2017, 6:e241. doi: 10.1002/wene.241 This article is categorized under: Photovoltaics > Systems and Infrastructure Solar Heating and Cooling > Economics and Policy Energy Policy and Planning > Economics and Policy

show abstract

“…Finally, as proposed in Section 4.1, we assume a fixed cost of capturing the CO 2 but allow for a gradual decrease in this cost due to learning-by-doing. We set the initial cost to be ¿40 per tonne, which is taken from Covington (2017). This is a more conservative estimate than that of Hanak and Manovic (2018), who estimate a price of £29 sterling per tonne.…”

Section: With Reference To Tablementioning

confidence: 99%

A real options based decision support tool for R&D investment: Application to CO2 recycling technology

Deeney

Cummins

Heintz

et al. 2021

European Journal of Operational Research

View full text Add to dashboard Cite

Investment consequences of the Paris climate agreement

Cited by 10 publications

References 3 publications

Climate Information in Retail Investors’ Decision-Making: Evidence From a Choice Experiment

Climate Information in Retail Investors’ Decision-Making: Evidence From a Choice Experiment

Multivariate analysis of solar city economics: impact of energy prices, policy, finance, and cost on urban photovoltaic power plant implementation

A real options based decision support tool for R&D investment: Application to CO2 recycling technology

Contact Info

Product

Resources

About