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Welfare Consequences of Sustainable Finance

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NBER2021-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28595
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We model the welfare consequences of portfolio mandates that restrict investors to hold firms with net-zero carbon emissions. To qualify for these mandates, value-maximizing firms have to accumulate decarbonization capital. Qualification lowers a firms required rate of return by its decarbonization
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2021-04-01
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