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Fondation FNEGE
2 avenue Hoche
75008 PARIS

Telephone: 01.44.29.93.60
Email: info@fnege.fr

SIRET: 784 855 553 00029
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Director of the publication: Valérie FOURCADE

 

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This entire website is bound by French and international copyright and intellectual property legislation. In accordance with the French law of 11 March 1957 (art. 41) and the intellectual property law of 1 July 1992, any reproduction, in full or in part, for collective use is strictly prohibited without the permission of FNEGE Médias.

The user acknowledges that the content of this site and its component parts are protected by copyright and that any copy, reproduction, distribution, sale or use, by any means, is strictly prohibited. All copyright and related rights are reserved, including for downloadable documents, icons and photographs. Only exclusively personal and non-commercial use is permitted.

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Privacy

All information and data collected is intended for FNEGE Médias. In accordance with the provisions of article 34 of French law n°78-17 of 06/01/1978, you have the right to access and correct your personal information.

If you wish to exercise this right or if you do not want us to communicate this information on our website, please contact us at the following address:

FNEGE Médias
2 avenue Hoche – 75008 PARIS

or by email at: info@fnege.fr

 

Credits 

This site was designed and built by Les Artisans Numériques in collaboration with the FNEGE Foundation team.

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This study aims to investigate the impact of monetary policy on firms' carbon emissions. The primary focus is on the effect of interest rates on the carbon footprint of companies. The results show that there is a positive relationship between interest rates and carbon emissions indicating that in the face of increasing interest rates, companies are more likely to choose short-term financial stability above long-term sustainability objectives. This positive relationship is less prevalent following the Paris Agreement suggesting that policymakers should continue to strengthen global climate initiatives as a pressure for companies to invest in green activities. Additional evidence suggests that the impact of interest rates on carbon emissions is particularly noticeable in situations characterized by elevated levels of economic and policy uncertainty, weak corporate governance quality, and poor investor protection.
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This study aims to investigate the impact of monetary policy on firms' carbon emissions. The primary focus is on the effect of interest rates on the carbon footprint of companies. The results show that there is a positive relationship between interest rates and carbon emissions indicating that in the face of increasing interest rates, companies are more likely to choose short-term financial stability above long-term sustainability objectives. This positive relationship is less prevalent following the Paris Agreement suggesting that policymakers should continue to strengthen global climate initiatives as a pressure for companies to invest in green activities. Additional evidence suggests that the impact of interest rates on carbon emissions is particularly noticeable in situations characterized by elevated levels of economic and policy uncertainty, weak corporate governance quality, and poor investor protection.
GUIZANI Assil - EDC Business School |