Do High Carbon Emitters Great Lower Shareholder Value?

Research reposted from Environmental Leader column:

High Carbon Emitters ‘Are Valued Lower"

S&P 500 companies’ value declines by $202,000, on average, for every additional thousand metric tons of carbon they emit, according to new research.

The study by researchers from the University of Wisconsin, University of Notre Dame and Georgetown University found that the negative correlation between emissions and value translates into a total value penalty of $1.28 billion for firms in the third quartile of emitters, relative to firms in the first quartile.

The authors note that this economic effect is large, considering that the direct costs of carbon emissions have recently been less than $40 per metric ton.

Follow this link for more details.