보고서(전자자료)
Climate Transition Risks and the Energy Sector
- 카테고리
- 국외자료
- 개인저자
- Viral V. Acharya, Stefano Giglio, Stefano Pastore, Johannes Stroebel, Zhenhao Tan, Tiffany Yong
- 발행기관
- NBER
- 발행년월
- 2025.02
- 페이지수
- 76p
- URL
요약
We build a general equilibrium model to study how climate transition risks affect energy prices and the valuations of different firms in the energy sector. We consider two types of fossil fuel firms: incumbents that have developed oil reserves they can extract today or tomorrow, and new entrants that must invest in exploration and drilling today to have reserves to potentially extract tomorrow.