Decarbonizing Everything
研究了不同气候风险指标如何影响投资组合的碳排放和风险调整收益，提出一个基于规则的框架，帮助投资者在管理气候风险的同时提升收益。
We analyze how the use of different climate risk measures leads to different portfolio carbon outcomes and risk-adjusted returns. Our findings are synthesized in a rules-based investment framework, which selects a different type of climate metric across industries and weighs industries in the portfolio based on the variability of carbon outcomes among firms within each industry. We conclude that analyzing the merits and applicability of various climate data can help investors manage climate risk while increasing risk-adjusted returns.