URAP

Rebecca Pu

Investor Engagement and Corporate Carbon Management

As the climate crisis comes to a head, more and more investors are engaging with corporations to push them towards better environmental performance to help limit global warming. Yet, there is inconclusive evidence on whether or not engagement actually results in greenhouse gas emission reduction in line with the 2015 Paris Agreement. My research project will use corporate data from the Carbon Disclosure Project to evaluate the carbon management quality of hundreds of fossil fuel companies, better understand what behaviors drive greenhouse gas emission reduction among fossil fuel companies, and analyze the climate financial risk associated with continued investments in fossil fuels.

Message to Sponsor

Thank you so much for believing in the curiosity, passion, and dedication of student researchers! Coming into Cal as a freshmen, I did not fully understand our Fiat Lux "Let there be light" motto. Now, as a senior, I can honestly say that one of the highlights of my undergraduate career has been this research project as it has taught me so much not only about myself but about how the world can become more equitable and sustainable. Through URAP, I was able to combine my passion for environmental justice with my background in economics to contribute to the growing movement around climate finance. Thank you for the opportunity to continue working with my faculty mentor in the summer. It truly means so much and has had such a positive impact on my life!
  • Major: Economics and Data Science
  • Mentor: Clair Brown, Economics