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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP17207 |
DP17207 The Russia-Ukraine War and Climate Policy Expectations: Evidence from the Stock Market | |
Ming Deng; Markus Leippold; Alexander F. Wagner; Qian Wang | |
发表日期 | 2022-07-12 |
出版年 | 2022 |
语种 | 英语 |
摘要 | In response to the Russian-Ukraine war, stocks more exposed to the regulatory risks of the transition to a low-carbon economy performed better, suggesting that investors expect an overall slow-down of this transition. These stock price effects were particularly strong in the US. In Europe, the effects were less pronounced or even opposite, arguably because market participants expect stronger policy responses supporting renewable energy sources. These findings highlight an expected international divergence in the pace of the energy transition, with geopolitical tensions thus threatening the gains made so far in combating the global problem of climate change. |
主题 | Financial Economics |
关键词 | Climate transition risk Energy Esg Event studies inflation Resilience Russia-ukraine war Stock returns |
URL | https://cepr.org/publications/dp17207-5 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546551 |
推荐引用方式 GB/T 7714 | Ming Deng,Markus Leippold,Alexander F. Wagner,et al. DP17207 The Russia-Ukraine War and Climate Policy Expectations: Evidence from the Stock Market. 2022. |
条目包含的文件 | 条目无相关文件。 |
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