TLDR: if we need markets to raise capital for financing renewable energy investment (and to move capital away from fossil), we cannot expect geopolitical actions (e.g., sanctions) to do the job. Unambiguous climate policies are the key. 3/3

We studied stock prices of energy firms after EU sanctions and green industrial policy announcements in the early days of the war in Ukraine.

Findings: all energy firms (fossil and renewable) benefit from sanctions. Only unambiguous climate investments (industrial policy) separate them. 2/3

Neither of the two pets looks too impressed

Congrats, @fgenovese.bsky.social and @patrickbayer.bsky.social! Very well deserved. Good to see this one finding its new BJPS home!

And he’s not the only one making a fortune of his very policies: papers.ssrn.com/sol3/papers.... (shameless self-promotion)

But Also why does he Capitalize his Posts this Way?

See here for an updated version of our working paper: lorenzo-crippa.github.io/files/FCPA_o...

Thanks for the shootout Bit! I find the banklash ajps is a good starting point for the PE of scandals: onlinelibrary.wiley.com/doi/full/10.... shameless self promotion, also: @dafnikalatzi.bsky.social and I are working on the environmental consequences of corp scandals, soon we’ll have a WP ready!

Congrats Fabio!

Thanks Mike, it’s been a long and fun ride!