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Fighting climate change with disclosure?: the real effects of mandatory greenhouse gas emission disclosure

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Authors and Corporations: Downar, Benedikt (Author), Ernstberger, Jürgen (Author), Rettenbacher, Hannes (Author), Schwenen, Sebastian (Author), Zaklan, Aleksandar (Author)
Other Authors: Ernstberger, Jürgen 1975- [Author] • Rettenbacher, Hannes [Author] • Schwenen, Sebastian [Author] • Zaklan, Aleksandar [Author]
Type of Resource: E-Book
Language: English
published:
Berlin DIW Berlin, German Institute for Economic Research February 2019
Series: Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 1795
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: We examine how mandatory disclosure of greenhouse gas (GHG) emissions influences companies' emission levels. We identify the effect of full transparency by exploiting a mandate requiring UK-incorporated listed companies to disclose information on GHG emissions in their annual reports. Comparing the emissions of installations (e.g. power plants, or oil refineries) owned by listed companies and installations owned by firms not subject to the mandate, we document that disclosing GHG emissions in annual reports reduces emission levels by up to 18%. Emission reductions occur across all industries but are largest for installations from the energy supply industry. Our results are robust to various specifications and document the incremental effect of disclosing emission data in annual reports, as firms had to report emission data to a central register already before the disclosure mandate.
Physical Description: 1 Online-Ressource (circa 43 Seiten); Illustrationen