Journal of Climate Finance最新文献_第7页

External finance for climate change mitigation: Assessing the impact of energy aid and total aid inflows on the ecological footprint 缓解气候变化的外部资金:评估能源援助和援助总额流入对生态足迹的影响

Journal of Climate Finance Pub Date : 2023-12-01 Epub Date: 2023-10-30 DOI: 10.1016/j.jclimf.2023.100028

Muhammed Ashiq Villanthenkodath , Mohd Arshad Ansari , Mantu Kumar Mahalik , Hooi Hooi Lean

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引用次数: 0

Finance “Blending” and NDC achievement under the Paris agreement 为巴黎协定下的“混合”和国家自主贡献成果提供资金

Journal of Climate Finance Pub Date : 2023-12-01 Epub Date: 2023-10-11 DOI: 10.1016/j.jclimf.2023.100024

Jon Strand

{"title":"Finance “Blending” and NDC achievement under the Paris agreement","authors":"Jon Strand","doi":"10.1016/j.jclimf.2023.100024","DOIUrl":"https://doi.org/10.1016/j.jclimf.2023.100024","url":null,"abstract":"<div><p>Climate finance, funded by governments of high-income (H) countries, can be used to purchase assets in the international carbon market for offset trading, thus “blending” with such transactions. In this paper it is shows analytically that when there are no distortions in credit markets, finance blending leads to too little greenhouse gas (GHG) mitigation in H countries, and too much in L countries. The offset market is then distorted by climate finance blending, given that all offset credits are attributed to the carbon market participants. This distortion is removed when such “blended” climate finance resources are instead attributed in proportion to their finance shares. Adding climate finance to the carbon market has no impact on global GHG mitigation as long as the trading countries’ targets for emissions reductions (their “climate ambition”) is not changed; higher ambition levels are thus always required for climate finance to contribute to a reduction in global GHG emissions. When L country market participants have limited access to credit markets, blending can increase global greenhouse-gas mitigation by adding climate finance resources to the carbon market, thus facilitating L country market participants’ access to funding of their planned mitigation projects.</p></div>","PeriodicalId":100763,"journal":{"name":"Journal of Climate Finance","volume":"5 ","pages":"Article 100024"},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949728023000202/pdfft?md5=4e74e97e148e8cdd5ec4f7bf2958bd52&pid=1-s2.0-S2949728023000202-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92047441","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Portfolio allocation and optimization with carbon offsets: Is it worth the while? 碳补偿的投资组合配置和优化:值得吗?

Journal of Climate Finance Pub Date : 2023-12-01 Epub Date: 2023-08-10 DOI: 10.1016/j.jclimf.2023.100019

Carsten Mueller , Papa Orgen , Patrick Behr

引用次数: 1

Corporate environmental performance and efficiency: Evidence from stochastic frontier analysis 企业环境绩效与效率:来自随机前沿分析的证据

Journal of Climate Finance Pub Date : 2023-12-01 Epub Date: 2023-09-17 DOI: 10.1016/j.jclimf.2023.100022

Paulo Pereira da Silva

引用次数: 0

Identifying factors affecting the preference for green bonds: A Japanese case study 确定影响绿色债券偏好的因素:以日本为例

Journal of Climate Finance Pub Date : 2023-12-01 Epub Date: 2023-09-01 DOI: 10.1016/j.jclimf.2023.100021

Kentaka Aruga, Timothy Bolt

引用次数: 0

Climate policy uncertainty and idiosyncratic volatility: Evidence from the non-financial listed hinese firms 气候政策不确定性与特殊波动:来自中国非金融类上市公司的证据

Journal of Climate Finance Pub Date : 2023-12-01 Epub Date: 2023-10-20 DOI: 10.1016/j.jclimf.2023.100026

Xiaohang Ren , Haoyue Yan , Giray Gozgor

引用次数: 0

A learning by doing multiplier accelerates the transition to photovoltaic cells

Journal of Climate Finance Pub Date : 2023-09-01 Epub Date: 2023-07-26 DOI: 10.1016/j.jclimf.2023.100016

Anita C. Tendler, Robert K. Kaufmann

{"title":"A learning by doing multiplier accelerates the transition to photovoltaic cells","authors":"Anita C. Tendler, Robert K. Kaufmann","doi":"10.1016/j.jclimf.2023.100016","DOIUrl":"https://doi.org/10.1016/j.jclimf.2023.100016","url":null,"abstract":"<div><p>Abating emissions of carbon dioxide depends in part on how quickly the levelized cost of electricity (LCOE) from photovoltaic cells (PV) achieves grid parity without policy interventions. Reaching this threshold is accelerated by learning by doing, which reduces the LCOE generated by PV. The resultant cost reduction generates a positive feedback loop and increases the demand for PV; but previous analyses ignore this feedback and therefore overlook a critical learning by doing multiplier effect, in which increasing the cumulative production of PV modules lowers their price, and lower PV module prices increase purchases of PV modules, which increases cumulative production of PV modules, and so on. We quantify the learning by doing multiplier effect with a cointegrating vector autoregression (CVAR) model that captures the simultaneous relation between the price for and cumulative production of PV modules. The learning by doing multiplier effect amplifies the static effects of learning by nearly a factor of ten and eliminates the simultaneous equation bias in previous estimates of unidirectional learning curves. This multiplier effect enhances the ability of policies, such as a carbon tax, to lower the costs of PV, increase cumulative production, and lower carbon emissions. Together, these results suggest that grid parity is closer than indicated by unidirectional learning curves.</p></div>","PeriodicalId":100763,"journal":{"name":"Journal of Climate Finance","volume":"4 ","pages":"Article 100016"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49882313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

REIT capital structure strategy in the aftermath of hurricanes 飓风灾后REIT资本结构策略

Journal of Climate Finance Pub Date : 2023-09-01 Epub Date: 2023-06-16 DOI: 10.1016/j.jclimf.2023.100014

Hana Nguyen

引用次数: 0

Climate change opportunity and corporate investment: Global evidence 气候变化机遇与企业投资:全球证据

Journal of Climate Finance Pub Date : 2023-06-01 DOI: 10.1016/j.jclimf.2023.100013

Rufei Ma, Ruicai Yuan, Xinxin Fu

引用次数: 3

Climate risk and future stock price crash: Evidence from U.S. firms 气候风险和未来股价暴跌:来自美国公司的证据

Journal of Climate Finance Pub Date : 2023-06-01 Epub Date: 2023-05-26 DOI: 10.1016/j.jclimf.2023.100012

Xiaoyu Dong, Lewis Liu

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引用次数: 4