GX & Decarbonization Research

vyom parashar

Forest carbon credits lack a direct chain of evidence linking specific trees to specific credits, unlike other financial instruments. They rely on calculations and models, creating a gap that courts are beginning to question. This undermine…

Florian Berg, Marco Ceccarelli, Florian Heeb +3

We analyze pricing in the voluntary carbon market (VCM) using proprietary transaction-level data. Prices range from cents to over $100 per ton CO2. Credits with positive non-carbon externalities command 2-4x prices. Buyer identity explains …

Florian Berg, Jess Cornaggia, Cristian Foroni +1

This study documents a 'traffic light effect' in MSCI ESG ratings: companies systematically bunch just below rating thresholds, because the rater faces pressure to avoid frequent changes that would trigger portfolio rebalancing costs for su…

Dov Solomon, Ido Baum, Rimona Palas +1

This paper provides causal evidence that higher ESG scores lead to more reliable financial disclosure, using the Business Roundtable's 2019 Statement as an exogenous shock. Analyzing 2,386 U.S. firms from 2016-2021, it shows ESG frameworks …

Xianli Zhu

The central challenge for 2026-2028 climate policy is executing existing commitments amid political fragmentation. The paper analyzes six trends: emissions plateau, emerging Article 6 credit market, climate finance crunch, grid bottlenecks,…

Dirk Roethig

By 2026, around 50,000 EU companies will be required to produce detailed sustainability reports under CSRD. This article examines how this regulation reshapes capital allocation, investment strategy, and sustainable business practices.

Vahideh Manshadi, Faidra Monachou, Ilan Morgenstern

This paper develops a theoretical model of the voluntary carbon market (VCM) incorporating adverse selection, imperfect third-party certification, and buyer preferences for non-carbon co-benefits. It shows that while certification can impro…

Lin Sun, Jun Zeng

This study examines how carbon transition risk affects green debt financing spreads for Chinese high-energy-consuming firms. Using panel fixed-effects models, event studies, and machine learning (random forest, XGBoost, neural networks), it…

Özlem Geylani

This paper explores pathways to achieve net zero in healthcare facilities across design, retrofit, and operations. It focuses on energy efficiency and renewable energy integration.

Wei N.

This paper proposes a bioinspired dendritic topology optimization method for CO2 capture, utilization and storage (CCUS) hub infrastructure in China, integrating microfluid dynamics with macro-scale design. By considering microscale flow be…

Liao Y.

This paper reports a Mn-doped cobalt phosphide non-noble catalyst that boosts the hydrogen evolution reaction (HER) in a Zn-CO2 system, demonstrating stability and high performance, potentially contributing to CO2 utilization and hydrogen p…

Raib J.D.

Investigates the synergistic effect of fly ash and surfactant on stabilizing CO2/N2 foam for enhanced CCUS performance. Potential to improve carbon capture efficiency.

Gözlügöl A.A.

This paper critiques credit substitution in sustainable finance, suggesting that green bonds may merely replace conventional debt rather than funding new green projects, undermining environmental additionality. It highlights a critical flaw…

Çalışkan U.Y.

This paper evaluates market-based measures (MBMs) under the International Maritime Organization (IMO) criteria, analyzing how current dynamics affect their effectiveness.

Gülmez R.

This paper examines e-methanol conversion and emission pooling strategies for the maritime industry to comply with EU carbon regulations (EU ETS and FuelEU Maritime). It analyzes the trade-offs between implementation cost and regulatory com…

Fu H.

This paper analyzes the impact of carbon emissions trading on distributed energy sharing networks within industrial parks using an equilibrium model. It quantifies cost and emission reductions, offering policy insights.

Xu Q.

This paper proposes a low-carbon cooperative operation method for integrated energy systems (IES), considering joint green certificate and carbon emission trading. An optimization model is developed to coordinate multiple energy systems to …

Fournier Gabela J.G.

This paper examines carbon leakage in the agricultural sector and explores the conditions under which a carbon border adjustment mechanism (CBAM) can effectively mitigate it, considering agricultural specificities.

Zheng L.

This study empirically examines the impact of China's carbon emissions trading scheme (ETS) on total factor carbon emissions performance using city-level data. It finds that the ETS significantly improves carbon productivity, providing evid…

Prabawani B.

This paper globally analyzes the drivers of carbon tax rates, focusing on population, GDP, and energy mix. It provides a foundation for understanding differences in carbon tax policies across countries.