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Climate Polarization and Green Investment

Author

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  • Anderson, Anders

    (Mistra Center for Sustainable Markets (Misum))

  • Robinson, David

    (Fuqua School of Business, Duke University; Swedish House of Finance; NBER)

Abstract

In a nationally representative sample of Swedes, we find asymmetric updating of climate change expectations driven by extreme weather exposure and political polarization. We use the updating of beliefs to analyse the development of the Swedish retirement system that went from offering relatively few fossil fuel exclusion funds to being dominated by them. We find that the revision of climate beliefs translates into action only for the financially sophisticated and the politically motivated.

Suggested Citation

  • Anderson, Anders & Robinson, David, 2024. "Climate Polarization and Green Investment," Misum Working Paper Series 2024-15, Stockholm School of Economics, Mistra Center for Sustainable Markets (Misum), revised 05 Feb 2024.
    • Handle: RePEc:hhs:hamisu:2024_015
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    More about this item

    Keywords

    Household Finance; Carbon Emissions; Sustainability; Exclusions; Retirement Savings;
    All these keywords.

    JEL classification:

    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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