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Table 1 Transition risk events

From: The macro-financial effects of Climate Policy Risk: evidence from Switzerland

Date

Label

Type

2022-09-16

Switzerland sets out revised C02 law plan

Domestic

2022-04-04

New IPCC report

International

2021-10-30

G20 meets in Rome

International

2021-09-26

Bern voters approve constitutional amendment codifying climate neutrality by 2050

Domestic

2021-08-09

IPCC report warns of the rapid degradation of the planet

International

2021-07-14

European Commissions unveils its plan for CO2 reductions (fit-for-55 package)

International

2021-06-04

127 Nobel Prize winners call for climate actions

International

2021-05-31

FINMA specifies transparency obligations for climate risks

Domestic

2021-03-16

Federal Environment Office warns of climate change risks in Switzerland

Domestic

2020-12-11

EU agrees on tougher climate goals for 2030

International

2020-11-07

Election of Joe Biden

International

2020-01-04

A right-wing-Green coalition takes office in Austria

International

2019-10-20

“Green Wave” at the Swiss Federal Election

Domestic

2019-10-10

Report finds that climate change could have large costs for Swiss infrastructures

Domestic

2019-09-25

New alarming IPCC report

International

2019-08-16

A plane ticket tax is proposed by a state commission

Domestic

2019-06-22

FDP officially supports the Paris Climate Agreement

Domestic

2017-10-06

Switzerland ratifies the Paris Agreement

Both

2017-05-21

Swiss electorate accepts the revised Federal Energy Act

Domestic

2014-09-23

Federal Council pledges a minimum of 100 million to UN Green Fund

Domestic

2012-07-03

IEA’s report on Switzerland highlights the necessity of a CO2 tax

Domestic

2010-01-21

The Federal Council proposes a new tax on high-polluting cars

Domestic

2007-04-20

Swiss Green party above 10% of vote intentions for the first time

Domestic

2007-03-12

A climate initiative to reduce CO2 emissions by 30% is proposed

Domestic

2007-02-07

The EU Commission aims to reduce the average CO2 emissions of new cars

International

2006-12-14

A 6 cent tax on fuel oil will be introduced to meet the Kyoto objectives

Domestic

2006-08-31

California pledges to reduce CO2 emissions by 25% by 2020

International

2006-06-21

National parliament confirms its willingness to introduce a CO2 tax

Domestic

2004-08-03

The Federal government opens discussions about various types of CO2 taxes

Domestic

2002-05-31

The EU ratifies the Kyoto Protocol

International

2001-05-29

Proposition to increase oil prices to finance public transport

Domestic

2001-03-19

Alarming IPCC report presented to the parliament

Both

  1. This table displays the transition risk events identified using the daily CPR index. The procedure to find these events is as follows. First, I isolate “local peaks” which are defined as days where the share of CPR-related articles is higher than both the previous and the next day. This step ensures that the underlying event received important media coverage. Second, I read manually all retrieved articles and identify articles related to an event that can reasonably be interpreted as an increase in the probability of adopting tougher climate policies. Third, I require that at least three articles make reference to the same event for it to be considered as a “transition risk event”