ECIN Replication Package for "Do Markets Trump Politics? Fossil and Renewable Market Reactions to Major Political Events"

We investigate the effects of three events with
major importance for climate policy on energy sector stocks: the Paris
Agreement, the Trump election and presidency, and the Biden election. By
combining event studies with impulse indicator saturation methods, we show that
the Paris Agreement and the election of Mr. Biden benefited renewable
industries, while the election of Mr. Trump had negative effects. For fossil
fuel industries, the effects were largely the opposite. Despite Trump's efforts
to eliminate environmental regulations, his presidency did however witness a
decrease in both US coal production and consumption, while natural gas and oil
consumption increased.<br>