GX & Decarbonization Research

vidura perera

This paper conducts a systematic literature review on green finance, policy uncertainty, and sustainable energy transition, proposing the Adaptive Green Finance Effectiveness Theory (AGFET). The theory accounts for the impact of policy unce…

X. Y. Zhou, Rachel Williams, G. Shrimali

This paper empirically analyzes the impact of corporate net zero transition on financing costs in the global energy and utilities sectors. It reveals the effect of transition plan announcements on costs and assesses investor reactions.

Reitsema L.

This paper examines how corporate green bonds contribute to greenhouse gas emission reduction. Green bonds finance environmental projects and may influence issuers' emission management practices.

János Kálmán

This article develops a conceptual framework linking regulatory dimensions (clarity, supervisory consistency, innovation facilitation) with systemic risk transmission channels (market concentration, data/model risk, regulatory arbitrage, gr…

Bhavana Venkata Ramalingeswara Rao, Amritha Chanassery Sarasan

This paper examines how green shipping corridors function as a financial structuring mechanism to reduce investment risk and mobilize capital for low-carbon maritime assets in Asia. Using case evidence from India, Singapore, and China, it f…

Mohammed R. M. Salem, Norazah Mohd Suki

This paper analyzes how the credibility of corporate transition plans affects the pricing of sustainability-linked loans (SLLs) through syndicate participation. It shows that higher credibility leads to lower loan spreads and influences ban…

Jing Tian, Xiao Liu, Xu Yang +1

This study examines the effect of China's Sci-Tech Finance Pilot Policy (STFP) on pollution-carbon reduction synergy and green growth using panel data from 284 prefecture-level cities (2008-2023) and a multi-period difference-in-differences…

Garga, Audu Ali

This thesis empirically examines how climate finance (adaptation and mitigation) and firm-level ESG performance affect foreign direct investment (FDI). Adaptation finance boosts aggregate FDI inflows to emerging economies, while mitigation …

Song Y.

This paper empirically examines whether the issuance of green bonds by Chinese listed firms encourages green practices among their industry peers, testing for spillover effects. It contributes to understanding how green finance can propagat…

Seyed Alireza Modirzadeh, Ella Davies, Meghan Fitzpatrick +3

This TPI Centre report assesses the transition plans of 22 large companies in oil and gas and diversified mining sectors using the Net Zero Strategies (NZS) framework. It analyses decarbonisation levers, alignment with low-carbon scenarios,…

Marina Palaisti

This paper proposes a methodology to embed climate transition risk into banking book loan pricing, using Scope 3 emissions and PCAF attribution. It adapts climate policy capital concepts from trading books to amortizing loans, computing a l…

Qingqing Gu, Yang Wang, Jinchao Wang

This paper empirically analyzes the impact of China's Low-Carbon City Pilot policy on corporate debt financing, revealing mechanisms through which the policy promotes corporate greening and affects financing costs. It provides insights into…

Guo B.

This paper uses a quasi-natural experiment in China to estimate the causal effect of green bond issuance on firm-level green transformation. Issuing firms show significant improvements in CO2 reduction and green patents, demonstrating the e…

Bayou R.

This paper analyzes the transition to green finance in the banking sector through the case of the Net-Zero Banking Alliance (NZBA) programme. It examines NZBA's target setting, progress, and challenges, offering insights for sustainable fin…

Han Wang, Elaine Laing, Tanusree Jain

This study analyzes the impact of board networks with prior green bond issuers (green networks) on firms' propensity to issue green bonds across 45 economies. It provides robust evidence that green networks foster green bond issuance throug…

Кучер А, Czajka Adam

This paper analyzes trends and prospects for financing the low-carbon transition in the European Union, covering instruments like green bonds, sustainability-linked loans, and transition finance. It discusses the role of policy and investor…

David Kampmann, S. Rekker, Minjie Ruan +1

This paper proposes a method for assessing corporate climate transition plans using a production asset-based planning approach. It discusses the methodology and its practical implications.

Caterina Seghini

This review paper examines how climate change and the low-carbon transition affect sovereign debt sustainability through macroeconomic channels: output growth, primary balances, and real interest rates. It argues for integrating climate ris…

Stéphane Goutte, Lisa Depraiter, Jelena Jovovic +1

This paper examines whether green bonds hedge or amplify rare earth element (REE) price risk using 2018-2025 data. It applies DCC-GARCH, Markov-switching models, and wavelet coherence. Results show that while green bonds offer diversificati…

Athanasios Tsekeris

Using an international M&A sample, this paper finds that ESG-linked executive compensation significantly improves post-acquisition environmental, social, and governance performance, increases the likelihood of green bond issuance, and leads…