IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03152018.html
   My bibliography  Save this paper

Les entreprises et la finance face à leurs responsabilités climatiques

Author

Listed:
  • Christian Gollier

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

As demonstrated by the yellow vests movement, most citizens believe that climate change is a serious matter, but they are not ready to sacrifice much to prevent it. Could corporations and financial intermediaries be substitutes to these sleepwalkers? In spite of the recent enthusiasm for climate finance, this is far from an easy task. Competition inhibits responsible firms to switch to more expensive greener alternative without losing market shares. Moreover, when a bank divests from coal, two others invest in it. At best, financial markets can anticipate the emergence of a more punitive climate policy. And responsible investors should use an internal carbon price to optimize their potfolio.

Suggested Citation

  • Christian Gollier, 2020. "Les entreprises et la finance face à leurs responsabilités climatiques," Post-Print hal-03152018, HAL.
    • Handle: RePEc:hal:journl:hal-03152018
    DOI: 10.3917/ecofi.138.0089
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03152018. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.