We experimentally test a theoretically promising amendment to the ratchet-up mechanism of the Paris Agreement. The ratchet-up mechanism prescribes that parties’ commitments to the global response to climate…
Marcel Mauss schrieb 1924, er habe in den Motiven des „archaischen“ Gabentauschs vormoderner Gesellschaften „einen der Felsen gefunden, auf denen unsere Gesellschaften ruhen.“ Gabenpraktiken bestehen auch in…
This paper examines the reliance on ESG metrics in executive compensation contracts. In our sample of international publicly traded firms, a rapidly growing fraction incorporate ESG metrics in the compensation…
Current corporate disclosures regarding carbon emissions lack commonly accepted accounting rules. The accrual accounting system for carbon emissions described here is grounded in the rules of historical cost…
The Mannheim European panel on Financial Indicators and Emissions (ME-FINE) is a new European company-level dataset, combining financial information from Bureau van Dijk’s Orbis database with data on pollutant…
As an example of supranational climate policy coordination for sectors not covered by carbon trading, the European Effort Sharing Decision set national targets for emission reductions for the time period…