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The Impact of Paris Agreement Climate Pledges on Firms' Production Decisions.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Impact of Paris Agreement Climate Pledges on Firms' Production Decisions./
Author:	Kirsch, Nathalie A.
Description:	1 online resource (65 pages)
Notes:	Source: Masters Abstracts International, Volume: 84-11.
Contained By:	Masters Abstracts International84-11.
Subject:	Public policy. -
Online resource:	click for full text (PQDT)
ISBN:	9798379448745

The Impact of Paris Agreement Climate Pledges on Firms' Production Decisions.
Kirsch, Nathalie A.

The Impact of Paris Agreement Climate Pledges on Firms' Production Decisions. - 1 online resource (65 pages)

Source: Masters Abstracts International, Volume: 84-11.

Thesis (M.P.P.)--Georgetown University, 2023.

Includes bibliographical references

Since the UN officially recognized climate change in 1992, climate pledges have played a leading role in spurring global action to limit climate change's devastating consequences. Countries are currently bound by pledges under the 2015 Paris Agreement, which aims to limit global warming to below 2°C, and preferably below 1.5°C, relative to pre-industrial levels. Given the centrality of such pledges to global climate plans and the large role of firms in driving climate change, it is essential to understand if Paris Agreement pledges are reducing firm-level environmental intensities of production. In this study, production intensities are defined as firms' monetized environmental impacts divided by their sales revenues for a given year. This study performs difference-in-difference and linear probability regressions to examine the impact of Paris Agreement pledge strengths on firm-level production intensities over time, and to examine what factors predict countries' decisions to sign stronger Paris Agreement pledges. Results suggest that on average, firms in countries with strong pledges reduced their environmental intensities 3.6 to 9.9 cents more after the Paris Agreement compared to firms in countries with weak pledges. Results also suggest that higher GDP, lower greenhouse gas emissions, and stronger environmental performance at the time of signing are positively associated with a country's decision to make a strong climate pledge, while the relationship between governance and a country's pledge decision varies depending on the data specification, such as the use of weighting by firm size.Overall, this study's results are consistent with previous research suggesting that pledges do influence firms' behavior, but that pledges will be insufficient on their own to combat climate change. Going forward, it will be important for policymakers to consider policy alternatives or supplemental actions to international climate agreements to limit global temperature increases in line with Paris Agreement goals.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798379448745Subjects--Topical Terms:

1002398
Public policy.
Subjects--Index Terms:

Climate agreementIndex Terms--Genre/Form:

554714
Electronic books.

The Impact of Paris Agreement Climate Pledges on Firms' Production Decisions.
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520 $a Since the UN officially recognized climate change in 1992, climate pledges have played a leading role in spurring global action to limit climate change's devastating consequences. Countries are currently bound by pledges under the 2015 Paris Agreement, which aims to limit global warming to below 2°C, and preferably below 1.5°C, relative to pre-industrial levels. Given the centrality of such pledges to global climate plans and the large role of firms in driving climate change, it is essential to understand if Paris Agreement pledges are reducing firm-level environmental intensities of production. In this study, production intensities are defined as firms' monetized environmental impacts divided by their sales revenues for a given year. This study performs difference-in-difference and linear probability regressions to examine the impact of Paris Agreement pledge strengths on firm-level production intensities over time, and to examine what factors predict countries' decisions to sign stronger Paris Agreement pledges. Results suggest that on average, firms in countries with strong pledges reduced their environmental intensities 3.6 to 9.9 cents more after the Paris Agreement compared to firms in countries with weak pledges. Results also suggest that higher GDP, lower greenhouse gas emissions, and stronger environmental performance at the time of signing are positively associated with a country's decision to make a strong climate pledge, while the relationship between governance and a country's pledge decision varies depending on the data specification, such as the use of weighting by firm size.Overall, this study's results are consistent with previous research suggesting that pledges do influence firms' behavior, but that pledges will be insufficient on their own to combat climate change. Going forward, it will be important for policymakers to consider policy alternatives or supplemental actions to international climate agreements to limit global temperature increases in line with Paris Agreement goals.
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