Running Hot: Industrial Emissions and the Equity Premium
When U.S. industry runs hot measured by carbon emissions, expected market returns fall 4.2 percentage points the next year, forecasting returns up to five years ahead.
Featured in No. 136 on 23 Oct 2026 · 3 days after release
- Released
- 20 Oct 2026
- First featured
- No. 136 · 23 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7631840
- Authors
- Yunlong Chen et al.
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