GX & Decarbonization Research

Bastian Distler, Jürgen Ernstberger, Mario Keiling +2

This paper introduces 'transactional connectivity' as a new dimension linking financial and non-financial information, specifically for carbon accounting. By adding carbon emission data to each transaction in a firm's general ledger, balanc…

Lei Lei, Fei Xue, Jinxin Zhang +2

Carbon markets face challenges of credit quality variation and verification costs which weaken the link between financial incentives and decarbonization. This paper proposes a Technology-Market-Production (TMP) framework to examine whether …

Lanxin Jiang, Yu Gu, Wenjun Yu +1

This paper proposes a Greenhouse Gas Emission Tracking System (GETS) that integrates IoT, blockchain, and Life Cycle Assessment (LCA) to enhance Scope 3 GHG emission estimation and climate-related disclosures. The system enables reliable da…

Yuan Chen, Yunting Feng, Kee-hung Lai +1

This paper empirically demonstrates that blockchain technology enhances Scope 3 carbon disclosure by facilitating coordination on data collection across supply chains. It also finds that data processing technologies like AI and cloud comput…

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This paper proposes a hybrid approach combining AI and traditional accounting to enhance Scope 3 emissions calculation and optimize resource use across supply chains. Empirical analysis demonstrates improved accuracy and cost reduction pote…

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This paper proposes using large language models (LLMs) to assess corporate Scope 3 greenhouse gas emissions, focusing on Category 11 (use of sold products). It demonstrates the effectiveness and challenges of automated LLM-based estimation,…

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This paper focuses on enhancing transparency in product carbon footprint calculations for silicones, particularly addressing Scope 3 Category 11 (use of sold products) and purchased goods and services. It also proposes a method for calculat…

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California's SB 253 mandates full GHG disclosure including Scope 3. This paper analyzes the impact on corporate disclosure costs and supply-chain emission reductions, focusing on the uncertainty in downstream Category 11 (Use of Sold Produc…

(著者不明)

This study examines the informativeness of Scope 3 emissions, focusing on Category 11 (Use of sold products) and Category 12. It evaluates how uncertainty in Scope 3 methods affects disclosure quality and suggests improvements for climate r…

Dunhong Jin, Roni Michaely, Menghan Wang

This paper examines the stock selection processes of ESG funds and evaluates their environmental and financial outcomes relative to benchmarks. ESG portfolios reduce overall emissions by 36%, but over 90% of this reduction comes from exclud…

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…