登入選單
返回Google圖書搜尋
The Impact of Climate Policy on Oil and Gas Investment: Evidence from Firm-Level Data
Mr. Christian BogmansMr. Andrea PescatoriErvin Prifti
出版International Monetary Fund, 2023-06-30
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Taxation / GeneralBusiness & Economics / Economics / GeneralBusiness & Economics / Industries / EnergyBusiness & Economics / Environmental EconomicsPolitical Science / Public Policy / Environmental Policy
ISBN9798400248443
URLhttp://books.google.com.hk/books?id=xvLJEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Using a text-based firm-level measure of climate policy exposure, we show that climate policies have led to a global decline of 6.5 percent in investment among publicly traded oil and gas companies between 2015 and 2019, with European companies experiencing the most significant impact. Similarly, climate policy uncertainty has also had a negative impact. Results support the Neoclassical investment model, which predicts a pre-emptive cut in investment in reaction to downward shifts in prospective demand, in contrast with the “green paradox” that predicts an increase in current investment to shift production toward the present.