Description
As an increasingly important player in the global economy, private equity firms are poised to have significant influences on carbon emissions, a contributing factor to global warming. This entry reviews the implications of the private equity business model for carbon emissions, methods and framework of carbon accounting and reporting for private equity, controversy on private equity investment in high-emission assets, and empirical evidence on the effect of private equity ownership on carbon emissions.
Introduction
Global warming is a major environmental threat that can have catastrophic economic and social consequences. (July 2023 set a new record in the monthly global average temperature, offering another indicator of the urgency of this threat.) To strengthen the global response to this threat, the Paris Agreement in 2015 sets an overarching goal of “holding the increase in the...
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Wu, Y. (2023). Carbon Footprint of Private Equity. In: Cumming, D., Hammer, B. (eds) The Palgrave Encyclopedia of Private Equity. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-38738-9_95-1
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DOI: https://doi.org/10.1007/978-3-030-38738-9_95-1
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Publisher Name: Palgrave Macmillan, Cham
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