Climate Change
Investors Should Engage With Firms They Want To Go Green, Not Divest
How can investors use capital markets to encourage emissions reductions? In new research, Matthew E. Kahn, John G. Matsusaka, and Chong Shu examine whether public pension funds are more effective in mitigating pollution when they divest from fossil fuel companies or actively engage their management.
The Case for Green Industrial Policy
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Climate Change Is Shifting Voter Behavior in Low-Income Countries
Farmers in low-income countries have multiple channels through which they respond to climate change. Some switch to growing more heat-resilient crops or crops that...
Why Aligning Antitrust Policy With Sustainability is a Moral Imperative
The looming ecological disaster means that it is time for competition researchers, policymakers, lawyers, and economists to devise competition policies that focus on the...
Antitrust and Sustainability: An Introduction to an Ongoing Debate
Can sustainability play a role in antitrust enforcement? And should it? Lund University professor Julian Nowag explores the debate around that intersection of sustainability,...
How Much Can We Trust Index Funds on Climate Change?
According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role of “climate...
Addressing Climate Change Must Begin with Verifiable Carbon Accounting
Robert Kaplan and Karthik Ramanna propose a new approach for verifiable accounting on indirect corporate emissions that would apply to all corporations, increase incentives...
Unsettled: What is the Economic Impact of Climate Change?
In his book Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters, Steven Koonin explores misconceptions and shortcomings in the media's...
Green Antitrust: Why Would Restricting Competition Induce Sustainability Efforts?
While “green” antitrust is gaining momentum, its key premise—that restricting competition would incentivize companies to jointly take more sustainability initiatives—finds little or no ground...
Are Large Institutional Investors Actually Effective in Getting Companies to Reduce Their CO2 Emissions?
Large institutional investors have been accused of not doing
enough to reduce CO2 emissions. However, a new study finds that firms like
BlackRock, Vanguard, and State...
