Temperature, Adaptation, and Local Industry Concentration
Jacopo Ponticelli (Nortwestern University), Qiping Xu (University of Illinois Urbana-Champaign) and Stefan Zeume (University of Illinois Urbana-Champaign, Gies College of Business) show that extreme temperatures between 1980s and 2010s jointly increased energy costs and decreased productivity of small manufacturing plants in the U.S.
From Smoke to Solutions: Tackling Agricultural Burning Through Farmer Constraints
Piyush Gandhi (University of California Santa Cruz) investigates the effect of information constraints on the adoption of clean alternatives to crop burning in Punjab.
Carbon Markets and Industry Dynamics: Exit, Entry and Reallocation
Flora Marchioro (USI) and Antonia Pacelli (TSE) highlight how the distributional design of carbon markets can influence industry structure and environmental outcomes
Information Effect Magnified under Output-based Climate Adaptation Subsidies
Yunyu Shu (Shanghai University of Finance and Economics ) and Jiayue Zhang (Brown University) investigate how information shapes adaptation under different subsidy schemes among cocoa farmers in Ghana.
Do common shocks drive changes in aggregate emissions intensity?
Fulvia Marotta (Smith School, DNB) , Xiyu Ren (Smith School and INET), and Francois Lafond (INET) examine industry-level emissions intensity in the UK from 1990 to 2022, using emissions data constructed from activity-based environmental accounts and find evidence of co-movement.
Timing Matters: When Shareholder Proposals Actually Drive Sustainable Investment
Bram van der Kroft (MIT) shows that the “when” is as important as the “what”: sustainable proposals only change corporate behavior when they coincide with a firm’s natural reinvestment cycle—the short window in which long‑lived assets are already due for replacement.
Environmental policy in distorted markets: Regulating emissions in agricultural supply chains
Tomas Dominguez-Iino (University of Chicago) tackles the question of how to design environmental policy in an industry where Pigouvian taxation is not feasible at the externality’s source, and where pre-existing distortions show up in the form of market power.
Stock-Generated Externalities: The Principle of Targeting and Foregone Environmental Benefits
Erica Chuang (NYU) evaluates how incentives targeting either stocks of natural capital or flows of output affect the total stock of the natural resource held by the firm
Weathering the storm: sectoral economic and inflationary effects of floods and the role of adaptation
Matteo Ficarra (Geneva Graduate Institute) and Rebecca Mari (Bank of England) use satellite data on floods to estimate the impact of floods on GDP and inflation at the sector level in English counties.
Volatile Temperatures and Their Effects on Equity Returns and Firm Performance
Luca Taschini (University of Edinburg Business School, LSE) and Atreya Dey (University of Edinburg Business School) find that increased temperature variability, rather than average temperature changes, materially impacts returns and profitability for firms located in the US.