This study explores to what extent the implementation of managerial Climate Management Practices (CMP) adopted by large publicly traded firms is associated with Corporate Financial Performance (CFP), measured by Tobin’s Q. The results show that most CMP are not significantly linked to Tobin’s Q, implying that markets largely view them as neutral with respect to value creation. These findings offer practical insights for managers, investors, and regulators, highlighting how climate management practices can be structured to better align with evolving market expectations.
Economic regulations often generate unintended consequences beyond their intended scope. We exploit Sri Lanka’s abrupt 2021 nationwide ban on chemical fertilizer imports as a quasi-natural experiment to identify how hard input constraints reshape land-use decisions.
This study investigates the relationship between distinct types of inequality and CO2 emissions using panel data on 156 countries from 1995 to 2020. These findings call for international cooperation and public policies aimed at a more equitable primary income distribution to achieve joint inequality and reduction of carbon emissions.
This book offers a comprehensive exploration of how empirical stock-flow consistent (SFC) modelling can be used as a tool for macroeconomic analysis.
Autonomie et recharge, recyclage, dépendance à la Chine, impacts environnementaux et sociaux, durée de vie, prix… les véhicules électriques et en particulier leurs batteries soulèvent de nombreuses questions, avec parfois leur lot d’idées reçues et de désinformation. L’article vise à décrypter ces questions en 12 points clés.
Using a two-stage least squares estimator for a panel of 165 countries from 2000 to 2023, the paper shows that lower wealth inequality decreases land use change emissions. The effect is most pronounced when inequality is measured by the top 10% wealth share and in developing countries, where land use change emissions constitute the majority of total emissions.
The concurrent surge in fuel, food, and fertilizer prices underscores the broad vulnerability of agrifood system in an interconnected global economy, where supply chain disruptions can propagate rapidly. It also highlights the urgent need for a deeper understanding of the short-and long-term drivers of the price of the world’s most widely used nitrogen fertilizer: urea. To address this knowledge gap, our study employs a Vector Error Correction Model using global monthly data from 1985 to 2023.
Since 2015 the European Union has positioned itself as global leader in the ecological transition, placing the goal of carbon neutrality by 2050 at the heart of its economic and financial agenda. This article examines the role of public banks, particularly the European Investment Bank (EIB), in structuring the financing of the green transition.
Industrie, décarbonation, défense… l’Europe multiplie ses objectifs stratégiques et compte sur les marchés financiers pour les financer. Mais la bataille pour l’autonomie stratégique commence peut-être dans le système financier lui-même, par des règles protectrices et des outils innovants de financement public.
Four in five people without access to electricity live in Sub-Saharan Africa, where mini-grids are seen as a key solution. Yet investment remains constrained by low and unpredictable demand, especially in fragile settings. We study electricity demand in North Kivu (Democratic Republic of Congo), using pre-grid census and survey data combined with six years of post-connection consumption records.
