Presenter: Anders Anderson, Stockholm School of Economics

Title: Climate Polarization and Green Investment

Abstract: In a nationally representative sample of Swedes, we find asymmetric updating of climate change expectations driven by extreme weather exposure and political polarization. We use the updating of beliefs to analyse the development of the Swedish retirement system that went from offering relatively few fossil fuel exclusion funds to being dominated by them. We find that the revision of climate beliefs translates into action only for the financially sophisticated and the politically motivated.

Host: Antonia Grohmann