Fig. 3
From: The macro-financial effects of Climate Policy Risk: evidence from Switzerland
Firm-level CO2 emissions and Climate Policy Risk yearly growth. Note: A of this figure compares yearly growth in CO2 and RGDP. CO2 data is from OurWorldInData. B plots the relationship between yearly changes in the CPR index and subsequent (one-year ahead) firm-level average growth in CO2 emissions. Average firm-level growth in CO2 emissions is obtained by averaging across all firms which disclose their CO2 emissions in a given year