GX & Decarbonization Research

Deepak Shukla

This paper reviews the growth of the green bond market, the existence of a green premium, and the importance of regulation and governance. It notes that the premium varies by issuer type, certification, and maturity, and identifies challeng…

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This paper analyzes the scale, drivers, and institutional architecture of green investments in the global economy, covering disclosure standards, taxonomies, international organizations, government incentives, and sustainable debt markets. …

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This paper studies the impact of SRI funds on greenhouse gas emission reductions. While specific methods and results are unknown due to missing abstract, it addresses the effectiveness of ESG investing, a key topic in climate finance.

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This study develops environmental performance indicators for financial products, supporting ESG investment by providing a framework to quantify environmental impacts for investors and firms.

Paweł Szalacha

This paper compares CSRD/ESRS E1 disclosure requirements with actual reporting practices of Polish companies in environmentally impactful sectors. Content analysis of 2024 reports shows progress in narrative descriptions of climate risks bu…

D. Prasad

This study examines how derivatives markets in India price uncertainty in corporate environmental targets, using BRSR disclosures, SBTi validation, and India's carbon trading scheme. Credible targets reduce implied volatility skew and varia…

Chin‐Hsien Yu, Yingyi Shi, Chi-Chuan Lee +2

This study examines the effect of climate finance on conflict incidence. Using panel data from 85 developing countries (2000-2023), it finds that climate finance significantly reduces conflicts, especially resource-related and small-scale o…

Kolawole Fatai Hassan. Phd, Kamal Adekunle Adewunmi. Acib

This paper examines the mobilization of green finance for Nigeria's Energy Transition Plan using green bonds and fintech innovations. It finds strong investor demand (Series III oversubscribed by 183%) and potential for fintech-enabled remi…

Arindam Bandyopadhyay

This chapter details how climate risks (physical and transitional) challenge the financial system, including asset value erosion and default risks. It examines responses from regulators like the Reserve Bank of India, including climate stre…

Yahao Zhang, Muzi Zhu, Zhiyuan Ning

Using Chinese A-share listed firms (2012-2022) and SynTaoGF ESG rating events as a quasi-natural experiment, this paper finds that ESG rating launches significantly reduce corporate climate transition risk exposure. The effect is stronger f…

Dr. x Kiran Kumar A C, Dr. Girish V

This paper analyzes the impact of green bond issuance, ESG-linked loans, and sustainability-indexed equity ownership on corporate carbon intensity and emissions using panel data from over 2,400 firms across 42 countries. Using difference-in…

Fernández Salguero, Ricardo Alonzo

This paper synthesizes 22 meta-analyses and reviews on climate risk and green finance, assessing consensus on three areas: impact of climate risk on asset valuation, existence of a green bond premium (greenium), and effects of green finance…

Maya Dasgupta

This paper comprehensively evaluates the role of green finance in mitigating climate-related financial risks (physical and transition) and fostering financial stability. It examines instruments like green bonds and loans, highlighting chall…

Xiaoqing Li, Jingjing Deng

Using panel data from 2008-2023 on Chinese A-share listed firms, this study demonstrates that green finance significantly enhances firms' synergistic performance in pollution and carbon abatement. The effect operates through resource reallo…

Huiyun Li, Zongbao Yu, Gang Chen +1

Using China's green finance reform and innovation pilot zones as a quasi-natural experiment, this study employs a double debiased machine learning model on 270 cities from 2010-2021 to assess the impact of green finance policy on regional c…

Blanche Brinda Yougang, Coolin-Campbell M. Zor, Charles Bom +1

This study empirically examines how environmental taxes, fossil fuel subsidies, public environmental expenditure, and trade in low-carbon technologies affect green bond issuance using panel data from 11 countries (2014-2022). Environmental …

Luis Manuel Duran Cornelio

This paper analyzes the Dominican Republic's inaugural sovereign green bond (USD 750 million, June 2024) as a case study for climate finance in emerging markets. The bond achieved a 15-basis-point greenium but faces a USD 17.6 billion clima…

Campiglio, Emanuele, Deyris, Jérôme, Romelli, Davide +1

This study analyzes climate-related central bank communication using a novel dataset of 35,487 speeches from 131 central banks (1986-2023). Using NLP, it traces narratives on green finance and climate-related financial risks. Findings show …

Ruzieva, Yulduzkhon

This paper reviews innovative financial instruments for green projects, including green bonds, sustainability-linked loans, crowdfunding, and blended finance. It identifies key challenges such as low returns, high risk, weak regulations, an…

Qiwen Dai, Ju He, Zhongyuan Guo +2

This study empirically evaluates the impact of China's 2012 Green Credit Guidelines on high-polluting firms using a panel dataset of A-share listed companies from 2006-2022. Applying a DID framework, it finds a 2.3-3.7 point improvement in …