the articles & research center news
This article studies the impact of carbon risk on stock pricing. To address this, we consider the seminal approach of Görgen et al. (2019), who proposed estimating the carbon financial risk of equities by their carbon beta.
Théo RONCALLI, Theo LE GUENEDAL, Fréderic LEPETIT, Thierry RONCALLI, Takaya SEKINE
2020 was supposed to be the year when policy makers, corporates, and investors charged ahead in the fight against climate change. Instead, it is the year of the coronavirus pandemic. The COP26 has been postponed, climate strikes are cancelled, and the European Commission’s ability to push through the Green Deal has yet to be proven. However, while the global lockdowns are sure to make a dent in global emissions for 2020, it remains to be seen whether climate change will fight its way into the recovery or become sacrificed yet again. Alice de Bazin, Head of Institutional Offering and Solutions department, Théophile Pouget-Abadie and Tobias Hessenberger, both working in Business solutions and innovation team, discuss the topic with Tom Burges-Watson.
This year was supposed to be the year when policymakers, corporates and investors charged ahead in the fight against climate change. After the disappointing COP25 in Madrid, shocking wildfires in Australia at the end of 2019, an ambitious plan emerged from the European Union to tackle climate change head on with its Green Deal.
Alice DE BAZIN, Tobias HESSENBERGER, Théophile POUGET-ABADIE
Theo LE GUENEDAL, Julien GIRAULT, Mathieu JOUANNEAU, Fréderic LEPETIT, Takaya SEKINE
Vincent BOUCHET, Theo LE GUENEDAL
Patrick BOLTON, Morgan DESPRES, Luiz Awazu PEREIRA DA SILVA , Frédéric SAMAMA, Romain SVARTZMAN
Theo LE GUENEDAL
Non-consensus, high conviction, and good macro judgments are becoming scarce but have huge value. The judgment of China is turning out to be a fundamental key macro callgoing forward. There is a considerable need for long-term judgments on climate change and demographic shifts when investing in China.
Amundi Hong Kong Chief Economist