2022
DOI: 10.3390/econometrics10010011
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Green Bonds for the Transition to a Low-Carbon Economy

Abstract: The green bond market is emerging as an impactful financing mechanism in climate change mitigation efforts. The effectiveness of the financial market for this transition to a low-carbon economy depends on attracting investors and removing financial market roadblocks. This paper investigates the differential bond performance of green vs non-green bonds with (1) a dynamic portfolio model that integrates negative as well as positive externality effects and via (2) econometric analyses of aggregate green bond and … Show more

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Cited by 28 publications
(9 citation statements)
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“…Por otro lado, las finanzas sostenibles pueden generar valor combinado, es decir, generan rendimientos financieros y permiten mejorar las condiciones sociales y ambientales (Lichtenberger et al, 2022), (Agliardi & Agliardi, 2019), (Chiesa & Barua, 2019), así las cosas, es vista como una forma de lograr rentabilidad ambiental desde un ámbito financier (Adekoya et al, 2021).…”
Section: Resultados Finanzas Sostenibles: Una Revisión Conceptualunclassified
“…Por otro lado, las finanzas sostenibles pueden generar valor combinado, es decir, generan rendimientos financieros y permiten mejorar las condiciones sociales y ambientales (Lichtenberger et al, 2022), (Agliardi & Agliardi, 2019), (Chiesa & Barua, 2019), así las cosas, es vista como una forma de lograr rentabilidad ambiental desde un ámbito financier (Adekoya et al, 2021).…”
Section: Resultados Finanzas Sostenibles: Una Revisión Conceptualunclassified
“…The federal government has long been providing, and is now accelerating, financial subsidies to market actors for mechanical carbon capture that data shows to be ineffective, resource-inefficient, and harmful in terms of co-impacts. Sound fiscal policies are required to remove distortionary incentives and also to finance effective decarbonization actions and financing tools (such as direct payments or green bonds for biological sequestration) that will meet the collective need for effective and efficient decarbonization [106,107]. Without a new policy framework, the results will be continued suboptimal outcomes for climate change mitigation at best and foreseeable hazards for people and places at worst.…”
Section: Discussionmentioning
confidence: 99%
“…Researchers incorporated green and fossil fuel bonds into a dynamic portfolio framework using cross-sectional data to measure variations (if they exist) in overall profitability in investor markets using risk-return techniques and time series analysis. As a result, experts have given a green signal to 'green bonds' in investor portfolios, helping to establish a low-carbon economy (Lichtenberger et al, 2022). Apart from taking baby steps like switching to LED energy-saving bulbs, adopting electric vehicles, steering clear of unnecessary prints, reducing pesticide consumption, utilizing modern agriculture technology, installing ground-level solar panels, and many more to breathe new life into our beloved ecosystem.…”
Section: Indian Perspectivementioning
confidence: 99%