Glasgow climate pact and the global clean energy index constituent stocks

What is it about?

We examine the impact of the Glasgow Climate Pact on the abnormal returns of global clean energy stocks. We provide evidence that firms with better ESG scores and larger firm sizes have experienced fewer abnormal returns, as these firms have stable financial and non-financial fundamentals. This timely study on the ongoing regulatory shift in environmental policy will help investors, policymakers, firms, and other stakeholders make relevant decisions.

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