Search Results (3)

This study examines whether climate risk disclosure (CRD) matters to financial analysts in China. Using textual analysis to measure CRD, we find that CRD is negatively related to analyst forecast error and dispersion, supporting the information hypothesis. We also find that information disclosure quality (e.g., earnings quality) and external monitoring (e.g., long-term institutional investor) may moderate this relationship. Mechanism analysis indicates that lower information asymmetry and more climate-related on-site visits are potential channels through which CRD influences analyst forecast properties. Furthermore, the above relationship is more pronounced in regions with higher climate awareness, carbon-intensive industries, and state-owned enterprises, and the relationship is primarily driven by transition risk disclosure (TCRD) rather than physical risk disclosure (PCRD). Our findings, which remain valid after addressing various robustness and endogeneity concerns, have significant implications for regulators to standardize and enhance CRD practices. Full article

In order to contribute to the debate on climate-proof urban regeneration, the study illustrated in this paper pays attention to the references for eco-districts as possible integrated frameworks that include urbanism and ecology toward urban resilience linked to environmental, social and governance “commitments”. To this end, the research activity has given answer to a need for a contextualization of the urban phenomena and the state of the art on sustainable development and climate proof urban resilience, pointing out the French context as an emblematic scope of study through a literature review of European best practices of eco-district. In consistency with this research framework, the study has developed a case study analysis, focusing on the description and evaluation of four best practices of French EcoQuartiers. The methodology adopted has selected with an inductive method the mitigation and adaptation strategies developed in the implementation of the French emblematic eco-quartiers, combining the official sources of the projects with on-site visits and surveys in order to define an experimental proposal of a grid of methodological-operational references relating to eco-districts. Furthermore, the discussion points out the potentials and limits of the proposed framework, related on the one hand to the quality, innovation, integration, and dissemination of the design solutions, and on the other hand to the economic and social costs of the EcoQuartiers that find a synthesis in the concept of “greentrification”. Finally, the conclusion highlights the interest of the contribution of the French context in climate proof planning and points out research interest in the other national contexts toward a European framework for eco-districts. Full article

Increasing the share of renewable energy in the energy mix is of crucial importance for climate change mitigation. However, as renewable energy development often changes the visual appearance of landscapes and might affect other industries relying on them, such as nature-based tourism, it therefore requires careful planning. This is especially true in Iceland, a country rich in renewable energy resources and a popular nature-based tourism destination. The present study investigated the potential impacts on tourism of the proposed Hverfisfljót hydropower plant by identifying the main attractions of the area as well as by analyzing visitors’ perceptions, preferences and attitudes, and the place meanings they assign to the landscape of the area. The data for the study were collected using onsite questionnaire surveys, interviews with visitors to the area, open-ended diaries, and participant observation. The results reveal that the area of the proposed power plant is perceived as wilderness by its visitors, who seek environmental settings related to the components of a wilderness experience. Visitors were highly satisfied with the present settings and preferred to protect the area from development to ensure the provision of currently available recreational opportunities. The results further show that the proposed Hverfisfljót hydropower plant would reduce the attractiveness of the area to its visitors, degrade their wilderness experience, and therefore strongly reduce their interest in visiting the area. Moreover, the participants perceived the already developed lowlands of the country as more suitable for renewable energy development than the undeveloped highland areas, which is in line with the principles of smart practices for renewable energy development. Full article