Download or read book A Corporate Finance Perspective on Environmental Policy written by Florian Heider and published by . This book was released on 2022 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines optimal enviromental policy when external financing is costly for firms. We introduce emission externalities and industry equilibrium in the Holmström and Tirole (1997) workhorse model of corporate finance. While a (Pigouvian) cap-and-trading system optimally governs both firms' abatement activities (internal emission margin) and industry size (external emission margin) when firms have sufficient funds on their own, external financing constraints introduce a wedge between these two objectives. When a sector is financially constrained in the aggregate, the optimal cap is strictly above the Pigouvian benchmark and emission allowances should be allocated below market prices. When a sector is not financially constrained in the aggregate, a cap that is below the Pigiouvian benchmark optimally shifts market share to less polluting firms and, moreover, there should be no "grandfathering" of emission allowances. With financial constraints and heterogeneity across firms or sectors, a uniform policy, such as a single cap-and-trade system, is typically not optimal.

Download or read book Environmental Policy and Corporate Behaviour written by OECD and published by OECD Publishing. This book was released on 2007-03-28 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth empirical analysis of an industrial survey spanning 4000 facilities in all manufacturing sectors and of all sizes illustrating the links between government environmental policies and company environmental management, investments innovation and performance.

Download or read book Environmental Policy written by Thomas Walker and published by John Wiley & Sons. This book was released on 2020-09-09 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: EXPAND YOUR UNDERSTANDING OF HOW ENVIRONMENTAL POLICY AFFECTS BUSINESS, THE ECONOMY, AND YOUR LIFE WITH THIS ESSENTIAL RESOURCE Environmental Policy: An Economic Perspective offers readers a comprehensive examination of the ever-broadening scope and impact of environmental policy, law, and regulation. Editors Thomas Walker, Northrop Sprung-Much, and Sherif Goubran walk readers through a variety of subjects while maintaining a global perspective on the expanding role of environmental law. This book takes a pragmatic and practical approach to its subject matter, showing readers the real impact across the world of different kinds of environmental policy. Among other topics, Environmental Policy: An Economic Perspective tackles: Climate change legislation Water conservation and pricing Biodiversity of the marine environment Wildlife ranching Emission trading schemes Green job strategies Sustainable investing Written for undergraduate and graduate students in any field affected by environmental legislation and policy, this book also belongs on the shelves of anyone who seeks to better understand the increasingly important role of environmental policy on their business and life.

Download or read book Environmental Finance and Green Banking written by Samsul Alam and published by Taylor & Francis. This book was released on 2023-05-31 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental finance and green banking are central drivers of the transition to a sustainable economy and essential components in solutions to climate change. This book presents the latest research on theory and practices in these interdisciplinary fields, incorporating both public and corporate finance. It introduces three parts – environmental investing and financing, green banking and environmental policies in the public sector. The book explores the current trends, dynamics and ways forward for environmental finance and green banking, including fundamental theories (e.g., environmental Kuznets curve) and comparisons between traditional and green bond efficiency, corporate governance practices and disclosure, green central banking, climate finance, sustainable strategies, green Islamic banking, and public climate fund management in multi-country contexts. The contributors to this book highlight significant challenges ahead while recognizing potential opportunities, such as the revolution in green investments and trading in green bonds. This book is a welcome addition to the literature on environmental economics and finance and the economics of sustainability and climate change.

Download or read book Environmental Regulation Through Financial Organisations Comparative Perspectives on the Industrialised Nations written by Benjamin Richardson and published by Kluwer Law International B.V.. This book was released on 2002-02-13 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a comparative perspective of practice in the European Union, North America, Japan and Australasia, arguing that existing legal reforms to promote sustainable development are unlikely to be successful unless environmental policy can be diffused and embedded in the financial services sector. This sector plays a crucial role in creating the financial conditions that allow much economic development to proceed. Financial markets are already highly regulated in pursuance of various public policy objectives, and there is scope to adapt existing regulation to incorporate environmental aspects into the financial services sector. In terms of specific reforms, the book focuses on the role of corporate environmental reporting, economic instruments and liability rules to provide a proper context for engaging financial organisations with the environment, as well as reforms to the system of prudential regulation that currently governs this sector. Beyond the focus on the financial services sector, the book raises complex questions regarding the relationship between the state and market institutions in environmental policy, and will appeal to scholars from a wide range of disciplines interested in problems of environmental governance.

Download or read book Environmental Protection and the Social Responsibility of Firms written by Bruce L. Hay and published by Routledge. This book was released on 2010-09-30 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And, as an empirical matter, to what extent do firms already behave this way? Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In Environmental Protection and the Social Responsibility of Firms, some of the nation‘s leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on corporate social responsibility and provide a foundation for future research and policymaking.

Download or read book Firms Finance and Sustainable Transitions written by Edgardo Sica and published by Edward Elgar Publishing. This book was released on 2018-03-30 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thought-provoking book introduces a financial economics perspective to the topic of eco-innovations and, more generally, sociotechnical transitions. It develops a model that illustrates how financial constraints can prevent the development of eco-innovations within companies and hinder the transition process towards a more sustainable regime. Edgardo Sica presents a review of the state of the art, as well as new data from original surveys aimed at testing the impact of financial constraints on eco-innovative decisions at radical and niche levels.

Download or read book Environmental Finance written by Rodney R. White and published by John Wiley & Sons. This book was released on 2003-04-07 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: An engaging and comprehensive look at the intersection of financial innovation and the environment This unique book provides readers with a comprehensive look at the new markets being created to help companies manage environmental risks, including weather derivatives, catastrophe bonds, and emission trading permits. Filled with real-world case studies and timely advice, Environmental Finance contains corporate strategies that financial service professionals as well as their clients must understand in order to proactively improve a company's environmental performance.

Download or read book Environmental Finance and Investments written by Marc Chesney and published by Springer Science & Business Media. This book was released on 2013-05-24 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current economic and environmental situation poses fundamental questions that this book aims to answer: Under which conditions could a market-based approach contribute to a decrease in emissions? How are abatement and investment strategies generated or promoted under permit regimes like the European Union Emission Trading Scheme (EU ETS)? In the context of the EU ETS, what is the trade-off between production, technological changes and pollution? This book is intended to provide students and practitioners the knowledge and theoretical tools they need in order to answer these and other more general questions in the context of so-called environmental finance theory, a new field of research that investigates the economic, financial and managerial impacts of market-based environmental policies.

Download or read book Finance and the Macroeconomics of Environmental Policies written by P. Arestis and published by Springer. This book was released on 2015-01-29 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines current and previous environmental policies, and suggests alternative strategies for the future. Addressing resource depletion and climate change are pressing priorities for modern economies. Planning energy infrastructure projects is complicated by uncertainty, as such clear government policies have a crucial role to play.

Download or read book Environmental and Energy Policy and the Economy written by Matthew J. Kotchen and published by University of Chicago Press. This book was released on 2022-01-24 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.

Download or read book Green Finance in the European Union written by Marta Postuła and published by . This book was released on 2024-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "While global challenges continue to reshape the here and now, public and corporate finance management needs to adapt quickly to increase the efficiency of institutions, enterprises and policies to face our new reality. There are very few publications that offer a comprehensive approach to the financing of environmental protection activities by the European Union. This book explores this topic from various angles and levels, as well as highlighting the determinants that influence micro- and macro-level decisions in this area. It presents an in-depth and unique analysis of the sources of funding for environmental measures implemented by European Union institutions, against the backdrop of national expenditure by Member States, and analyses the plausibility of the adopted targets in the run-up to 2050, in the context of the war in Ukraine and ad hoc energy policy solutions. The book is a voice in an ongoing discussion among the community of practitioners and theoreticians on sources of financing for the energy transition to achieve independence from Russian sources in the quickest possible timeframe. It demonstrates that environmental measures cannot occur without the financial participation of economic actors and financial institutions, particularly the capital market and further, underscores the scale of involvement in environmental projects, as measured by the value of green loans and green bonds covered by European financial institutions. The authors offer policy recommendations for financing activities related to environmental policy, notably energy transition. The book will appeal to scholars, students and researchers of corporate finance, banking, strategic and public finance management as well as policymakers and practitioners involved in green finance investments"--

Download or read book Corporate Environmental Responsibility Accounting and Corporate Finance in the EU written by Panagiotis Dimitropoulos and published by Springer Nature. This book was released on 2021-04-08 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to study the association of corporate environmental responsibility (CER) with financial performance, capital structure, innovative activities, corporate risk, working capital management and accounting quality. Undoubtedly, CER has been developed into a crucial corporate issue around the world. CER has been incorporated within various sectors, countries and includes many types of activities and dimensions. A fundamental issue that is addressed in this book, is how corporate finance and accounting are affected by CER activities and how it impacts company performance. In order to analyse this interrelation, the authors focus on a sample of firms from 28 EU member countries. The purpose of this book is to study the association of CER with financial performance, capital structure, innovative activities, corporate risk, working capital management and accounting quality. The book also intends to provide useful policy recommendations as well as to offer constructive impulses for future research.

Download or read book Greening the Firm written by Aseem Prakash and published by Cambridge University Press. This book was released on 2000-04-20 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last two decades environmental issues have become important in public and business policy. This book asks why firms sometimes voluntarily adopt environmental policies which go beyond legal requirements. It employs a new-institutionalist perspective, and argues that existing explanations, especially from neoclassical economics, concentrate on external factors at the expense of internal dynamics. Prakash argues that 'beyond-compliance' policies are due to two types of intra-firm processes, which he describes as power- and leadership-based. His argument is supported by analysis of ten cases within two firms - Baxter International Inc. and Eli Lilly and Company - including interviews with managers, and access to meetings and documents. This book therefore examines the internal working of firms' environmental policy in a theoretically rigorous way, providing a significant contribution to the theory of the firm. It will be valuable for students of business and environmental studies, as well as political economy and public policy.

Download or read book The Evolution of Sustainable Investments and Finance written by Francesco Gangi and published by Springer Nature. This book was released on 2021-03-19 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, socially responsible investments (SRIs) have become paramount to both professionals and academics. In the aftermath of the financial crisis of 2007-8, practitioners have become much more involved in new financial models that integrate returns and positive social and environmental impacts. The authors argue that previous irresponsible financial models are anachronistic, and propose a new relationship between stakeholder and shareholder. Starting from the mainstreaming of SRI, this book recovers the social function of banks and the innovative role of crowdfunding and venture capital models. The book offers a unified perspective for firm and funder, making it a timely and invaluable read for scholars and practitioners interested in sustainable development and social impact finance.

Download or read book Macroeconomics and the Environment written by Mr.Ved P. Gandhi and published by International Monetary Fund. This book was released on 1996-06-14 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomic policies, dealing with individual industries and economic sectors, have traditionally addressed environmental concerns, but increasingly the environment is being viewed in terms of the macro economy. To improve its understanding of the interrelationship between macroeconomics and the environment, the IMF held a seminar in May 1995 at which recognized experts from academic and research institutions, nongovernmental organizations, and staff from the World Bank and the IMF shared their views on how macroeconomic policies affect the environment and how environmental policies affect the macro economy. The present volume, edited by Ved P. Gandhi, contains the papers and proceedings of this seminar.

Download or read book Sustainable Finance in the Green Economy written by Agnieszka Bem and published by Springer Nature. This book was released on 2022-02-07 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores issues related to green and sustainable finance which aims at the transformation of economies into a new, more sustainable model. It covers a variety of issues related to various financial areas, such as: corporate finance, public finance, monetary and fiscal policy, and risk management. The enclosed papers reflect the extent, diversity, and richness of research areas in the finance and sustainability fields, both fundamental and applied, and are beneficial to researchers, practitioners, scholars and policy makers in economics, finance, and international economics.