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This study analyses the frames and discourses in different news media reporting on the same events in news outlets in Canada, the US, and Sweden. This was done by analysing both digital-born media and legacy media. The theoretical framework consists of theories about discourse, framing, media logics, the economic prerequisites for journalism, and environmental journalism. The aim is to find what frames, discourses, tone and what voices are being heard in the news coverage of Greta Thunberg’s climate protest, the migrant caravan, and the UN report on climate change released in 2018. Also, differences in the different media are analysed. This is done through discourse analysis by using Fairclough’s CDA and the three-dimensional model, combined with tools from critical linguistics. The analysis of the news texts found that the discourses in the coverage of the three events followed previous research on journalistic values, production and the way that climate change events were reported (or not reported) on. The study also found some themes, frames, that were producing new discourses in climate change journalism. Among these was the way that Greta Thunberg and other young voices were heard on a subject that previously has been heavily focused on politicians, scientists and NGO’s. Thunberg and the migrant caravan were also covered more extensively by the news media included than the UN report, not framing climate in the articles, even though they are about climate change events.

FN:s klimatpanel Intergovernmental Panel on Climate Change (IPCC) publicerade i Augusti 2021 en rapport som har uppmärksammats som en “kod röd” för mänskligheten i kampen mot klimatförändringar. Tidigare forskning visar att klimat- och miljöevent kan ge en avvikelseavkastning för hållbara investeringar. Dock saknas en liknande studie på den svenska aktiemarknaden och vi undersöker i denna studie om publiceringen av IPCC-rapporten 2021 hade en påverkan på avkastningen på Stockholmsbörsen. Vi genomför en eventstudie för att se marknadsreaktionerna för hela börsen, samt för aktier med höga respektive låga ENV-score (miljöbetyg). Inga signifikanta resultat kunde observeras och tolkningen görs att den svenska aktiemarknaden inte reagerade på publiceringen av IPCC-rapporten. / The United Nations Intergovernmental Panel on Climate Change (IPCC) released a report on climate change in August of 2021. The report has been seen as a "code red" for humanity's fight against climate change. Previous research shows that climate and environmental events can result in abnormal stock returns for sustainable investments. However, a similar study is missing for the Swedish market and in this study we investigate if the publication of the report from IPCC 2021 had an impact on the return on the Stockholm Stock Exchange. We conduct an event study to see the stock market reactions for the entire stock exchange, as well as for sustainable and less sustainable stocks. No significant results could be observed and we therefore conclude that the Swedish stock market did not react to the release of the IPCC report.