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Green Stocks Outperform Brown Stocks by 100 % Cumulatively
Green stocks out performed brown stocks by a hundred and 74 % cumulative, from november two thousand 12 through december 20 20. All that performance difference is explained by climate shocks,. And they measured it by green fund floes as well. If climate shacks and fund flows are set to zero, the performance of green stalks becomes flat for climate shocks. The empirical work obviously backs up the theory. But taking a within industry approach to greenness can make a lot of sense. Dimensional always like sustainability aside, they only allow a little bit of drift and industry weights relative to market caps. So if you're a value investor, you don't want to just pick the cheapest industries