The Effects of International Climate Policy on Financial Markets

该项目旨在开发和测试一种新的方法，以确定对气候变化采取有效行动对化石燃料公司资产价值的潜在影响。考虑到联合国气候变化会议的政策信号，如巴黎协定，本项目试图确定市场是否已经考虑到对气候变化采取有效行动的重大可能性，以及这是否影响了公司价值。该项目旨在向化石燃料和碳密集型部门的决策者和行政人员提供与搁浅资产相关的风险评估，并寻求开发有助于评估环境风险因素的数据、模型和新的分析方法。

This project aims to develop and test a new methodology to determine the potential consequences of effective action on climate change for the asset values of fossil fuel firms. Taking into consideration policy signals from the UN Climate Change Meetings, such as the Paris Agreement, this project attempts to determine whether the market was already factoring in a significant probability of effective action on climate change, and whether this impacted firm value. The project intends to provide an assessment of risk associated with stranded assets to policymakers and executives in fossil-fuel and carbon-intensive sectors, and seeks to develop data, models and new analytical approaches that contribute to valuing environmental risk factors.