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Journal of Sustainable Finance & Investment Volume 11, 2021 - Issue 1
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Methodology and Policy

The impact of carbon risk on stock returns: evidence from the European electric utilities

Enrico Bernardinia Bank of Italy, Directorate General for Markets and Payment Systems, Rome, ItalyCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0003-0854-3838
ORCID Icon,
Johnny Di Giampaoloa Bank of Italy, Directorate General for Markets and Payment Systems, Rome, ItalyORCID Iconhttps://orcid.org/0000-0002-4059-913X
ORCID Icon,
Ivan Faiellab Bank of Italia, Directorate General Economics and Statistics, Rome, ItalyORCID Iconhttps://orcid.org/0000-0002-7388-7648
ORCID Icon &
Riccardo Polia Bank of Italy, Directorate General for Markets and Payment Systems, Rome, ItalyORCID Iconhttps://orcid.org/0000-0002-3992-0192
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Pages 1-26 | Received 18 Oct 2018, Accepted 10 Jan 2019, Published online: 14 Feb 2019

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Emanuele Campiglio, Louis Daumas, Pierre Monnin & Adrian von Jagow. (2022) Climate‐related risks in financial assets. Journal of Economic Surveys 37:3, pages 950-992.
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Juan C. Reboredo & Andrea Ugolini. (2022) Climate transition risk, profitability and stock prices. International Review of Financial Analysis 83, pages 102271.
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Laura Garcia-Jorcano, Juan-Angel Jimenez-Martin & M.-Dolores Robles. (2022) Carbon dioxide risk exposure: Co2Risk. Climate Risk Management 36, pages 100435.
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Vlad-Cosmin Bulai, Alexandra Horobet, Oana Cristina Popovici, Lucian Belascu & Sofia Adriana Dumitrescu. (2021) A VaR-Based Methodology for Assessing Carbon Price Risk across European Union Economic Sectors. Energies 14:24, pages 8424.
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Yann Ferrat. (2021) Carbon emissions and firm performance: A matter of horizon, materiality and regional specificities. Journal of Cleaner Production 329, pages 129743.
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Xiangfeng Ji, Yusong Zhang, Nawazish Mirza, Muhammad Umar & Syed Kumail Abbas Rizvi. (2021) The impact of carbon neutrality on the investment performance: Evidence from the equity mutual funds in BRICS. Journal of Environmental Management 297, pages 113228.
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Pawel Witkowski, Adam Adamczyk & Slawomir Franek. (2021) Does Carbon Risk Matter? Evidence of Carbon Premium in EU Energy-Intensive Companies. Energies 14:7, pages 1855.
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Olatunji Abdul Shobande & Joseph Onuche Enemona. (2021) A Multivariate VAR Model for Evaluating Sustainable Finance and Natural Resource Curse in West Africa: Evidence from Nigeria and Ghana. Sustainability 13:5, pages 2847.
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Stefano F. Verde. (2020) THE IMPACT OF THE EU EMISSIONS TRADING SYSTEM ON COMPETITIVENESS AND CARBON LEAKAGE: THE ECONOMETRIC EVIDENCE. Journal of Economic Surveys 34:2, pages 320-343.
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Alexander Braun, Sebastian Utz & Jiahua Xu. (2019) Are insurance balance sheets carbon-neutral? Harnessing asset pricing for climate change policy†. The Geneva Papers on Risk and Insurance - Issues and Practice 44:4, pages 549-568.
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Amedeo Argentiero, Giovanni Bonaccolto & Giulio Pedrini. (2022) Green Finance: Evidence from Large Portfolios and Networks during Financial Crises and Recessions. SSRN Electronic Journal.
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Mingyuan You & Peizhi Liu. (2022) The Carbon Puzzle: Examining the Impact of China's “30•60 Dual-Carbon Target” on Carbon-Intensive and Green Firms. SSRN Electronic Journal.
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Chiara Mussida & Luca Zanin. (2022) Okun's Law and the COVID-19 Pandemic in Europe. SSRN Electronic Journal.
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Juan C. Reboredo & Andrea Ugolini. (2020) Climate transition risk, profitability and stock prices. SSRN Electronic Journal.
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Ulrich Atz, Tracy Van Holt & Zongyuan Zoe Liu. (2020) Do Corporate Sustainability and Sustainable Finance Generate Better Financial Performance? A Review and Meta-analysis. SSRN Electronic Journal.
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Alessandro Ravina & Rania Hentati Kaffel. (2019) The Impact of Low-Carbon Policy on Stock Returns. SSRN Electronic Journal.
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