Firm Commitments / Patrick Bolton, Marcin Kacperczyk.

Format:

Book

Author/Creator:

Bolton, Patrick.

Contributor:

National Bureau of Economic Research.

Kacperczyk, Marcin.

Series:

Working Paper Series (National Bureau of Economic Research) no. w31244.

NBER working paper series no. w31244

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2023.

Summary:

A growing fraction of companies globally have made commitments to reduce their carbon emissions by a certain date. While the companies that make commitments subsequently reduce their emissions, the effect on overall emissions of companies (including those that do not commit) has been small; the companies that commit, and those that make the most ambitious commitments, tend to have lower emissions; firm commitments are less prevalent in countries where governments have made national commitments. Overall, the commitment movements have been successful in drawing the willing but have found greater resistance from the companies that most need to reduce their emissions.

Notes:

Print version record

May 2023.