经济不确定性和气候变化暴露
Gamze Ozturk Danisman1, Seda Bilyay-Erdogan2, Ender Demir3
1Istanbul Bilgi University, Turkey.
Journal of environmental management
|January 1, 2025
概括
经济不确定性在巴黎协定之前和之后对企业气候变化披露的影响不同. 2015年后,不确定性增加了气候暴露,由机遇和法规驱动.
科学领域:
- 环境经济学环境经济学
- 企业金融公司财务
- 气候变化政策 气候变化政策
背景情况:
- 经济不确定性显著影响企业行为和战略决策.
- 了解企业对气候变化的影响对于可持续金融和政策制定至关重要.
- 巴黎协定标志着全球气候政策和企业问责制的重大转变.
研究的目的:
- 调查经济不确定性与企业气候变化暴露之间的不断变化的关系.
- 分析"巴黎协定"是如何影响这种关系的.
- 确定缓解经济不确定性对气候披露影响的因素.
主要方法:
- 使用了一种新的企业级气候变化暴露度 (Sautner等人,2023b).
- 分析了从2002年到2021年间在24个国家对企业的广泛数据集.
- 采用了可靠的统计方法,包括替代定义和控制变量.
主要成果:
- 在2015年之前,经济不确定性减少了气候披露;在"巴黎协定"之后,它增加了气候变化暴露.
- 这种2015年后的影响是由气候相关的机会和监管风险所驱动的.
- 机构和外国所有权调节了这种关联;国家层面的环境因素也起到了作用.
结论:
- 巴黎协定从根本上改变了经济不确定性如何影响企业对气候变化的暴露.
- 强有力的环境政策和绩效的国家的企业在不确定的经济时期表现出更高的暴露.
- 调查结果为政策制定者和投资者提供了导航气候风险和机遇的见解.
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