Climate Polarization and Green Investment

Anders Anderson () and David Robinson
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Anders Anderson: Mistra Center for Sustainable Markets (Misum), Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden

No 2024-15, Misum Working Paper Series from Stockholm School of Economics, Mistra Center for Sustainable Markets (Misum)

Abstract: In a nationally representative sample of Swedes, we find asymmetric updating of climate change expectations driven by extreme weather exposure and political polarization. We use the updating of beliefs to analyse the development of the Swedish retirement system that went from offering relatively few fossil fuel exclusion funds to being dominated by them. We find that the revision of climate beliefs translates into action only for the financially sophisticated and the politically motivated.

Keywords: Household Finance; Carbon Emissions; Sustainability; Exclusions; Retirement Savings (search for similar items in EconPapers)
JEL-codes: G51 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2024-01-22, Revised 2024-02-05
New Economics Papers: this item is included in nep-agr, nep-ban, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Climate Polarization and Green Investment (2024)
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