I want to thank the participants at EAERE 2022, FAERE 2022, AREUEA-ASSA 2023 and the eight Econometric Models of Climate Change conference 2024, including discussants Stefan Leeffers, Jessica Meyer, and Siddhartha Biswas, from the three first mentioned conferences, respectively. Valuable comments and suggestions from participants at multiple other seminars and workshops were this work was presented are also highly appreciated. I am also grateful to Finance Norway and Eiendomsverdi for providing the data.

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