With the aim of limiting global warming, environmental subsidies are a popular public finance instrument to reduce carbon emissions. However, there is little evidence on why subsidies are effective in increasing…
Frequency and severity of extreme weather events, such as floods or heat waves, increase as a result of climate change. Therefore, it is important to investigate which factors might influence adaptation…
Technology policy is the most widespread form of climate policy and is often preferred over seemingly efficient carbon pricing. We propose a new explanation for this observation: gains that predominantly accrue…
Protection Motivation Theory (PMT) has become a widely-used theoretical framework to explain the risk-reducing behavior of individuals toward flooding and other natural hazards. Despite a quickly growing body of…
Firm ownership is a major determinant for the economic performance of firms, and emissions of pollutants are often by-products of industrial production. We investigate the impact of ownership on pollutant…