Download This PaperCarbon Footprint of Private Equity
Forthcoming in the Palgrave Encyclopedia of Private Equity, https://link.springer.com/referencework/10.1007/978-3-030-38738-9
10 Pages Posted: 17 Aug 2023 Last revised: 30 Nov 2023
Date Written: August 7, 2023
Abstract
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 article 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.
Keywords: private equity, carbon footprint, carbon emission, sustainable investment, climate change
JEL Classification: G11, G20, G23, G24, G34, G38, D62
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