Thursday 14 December  – from 1:15pm to 2:15pm

Climate Impact Investing

Tiziano De Angelis, Associate Professor Probability and Mathematical Statistics,
School of Management & Economics (Dept. ESOMAS)
University of Torino

Abstract:

In this talk I describe a model which shows how green investing may encourage companies to mitigate their carbon emissions by raising the cost of capital of the most carbon-intensive companies. Companies’ emissions decrease when the wealth share of green investors and their sensitivity to climate externalities increase. Companies are further incentivized to reduce their emissions when green investors anticipate tighter climate regulations and climate-related technological innovations. However, heightened uncertainty regarding future climate risks alleviates green investors’ pressure on the cost of capital of companies and pushes them to increase their emissions

Registration, please contact robin@em-lyon.com

Room 235 – Ecully campus