dc.contributor.advisor | siri valseth | |
dc.contributor.author | anna espedal, sondre sørbø solberg | |
dc.date.accessioned | 2022-09-20T15:51:36Z | |
dc.date.available | 2022-09-20T15:51:36Z | |
dc.date.issued | 2022 | |
dc.identifier | no.uis:inspera:113704249:65714739 | |
dc.identifier.uri | https://hdl.handle.net/11250/3019277 | |
dc.description | Full text not available | |
dc.description.abstract | This paper seeks to answer if a financial effect altered the energy sector after the
announcements of adopting the Paris Agreement on the 12th of December 2015; and the United
States’ withdrawal from the Paris Agreement on the 1st of June 2017. It is generally accepted
by similar research, that the adoption of the Paris Agreement will show a positive effect on
renewable energy stocks, and a negative reaction on fossil fuel energy stocks. For the
withdrawal, it is expected the opposite effect. However, there is a lack of academic research on
the effect on fossil fuel energy stocks after the announcement of the U.S. withdrawal. A shortwindow event study is considered the optimal methodology to observe new information
reflected in financial markets, but an event study is also exposed to other price-driving factors.
Our findings indicate that financial reactions on energy stocks do not align with new
information on climate committing action related to the Paris Agreement. | |
dc.description.abstract | | |
dc.language | eng | |
dc.publisher | uis | |
dc.title | Are financial markets aligned
with the Paris Agreement? | |
dc.type | Master thesis | |