BdF paper looks at French law on climate disclosures

The Banque de France

Mandatory disclosures of climate-related risks led to a sharp cut in French institutional investors’ holdings of instruments issued by fossil fuel companies, a working paper published by the Banque de France finds.

In Showing off cleaner hands, Jean-Stéphane Mésonnier and Benoit Nguyen look at the impact of a law passed by the French parliament in January 2016.

The “energy transition and green growth” law, or TECV after its French initials, was unique at the time it was passed. The authors use

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