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Empirical calibration of climate policy using corporate solvency: A UK case study

Abstract:

Emission reductions improve the chances that dangerous anthropogenic climate change will be averted, but could also cause some firms financial distress. Corporate failures, especially if they are unnecessary, add to the social cost of abatement. Social value can be permanently destroyed by the dissolution of organizational capital, deadweight losses paid to liquidators, and unemployment. This article proposes using measures of corporate solvency as an objective tool for policy makers to calib...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

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Publisher copy:
10.1080/14693062.2017.1382318

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Department:
Oxford, SSD, SOGE, Smith School
Dericks, G More by this author
Publisher:
Taylor & Francis Publisher's website
Journal:
Climate Policy Journal website
Volume:
18
Issue:
6
Pages:
766-780
Publication date:
2017-12-13
Acceptance date:
2017-09-15
DOI:
EISSN:
1752-7457
ISSN:
1469-3062
Pubs id:
pubs:728936
URN:
uri:9a3fd8f2-c71b-4db3-8e9b-3e995187c3bb
UUID:
uuid:9a3fd8f2-c71b-4db3-8e9b-3e995187c3bb
Local pid:
pubs:728936

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