GX & Decarbonization Research

Bouthaina Ben Othman, Rihab Bedoui Ben Salem, Heni Boubaker

This paper analyzes the propagation of EU ETS carbon price shocks to green finance markets using a DCC-GARCH connectedness framework. It finds that carbon allowance and Paris-aligned ETFs form a tightly connected bloc, while crude oil volat…

Nimas Melenia Mutiara Akbary, Irwan Trinugroho, Putra Pamungkas +1

This study examines whether disclosing climate risks increases debt costs for firms in emerging markets. Using firm-level data from Thomson Reuters/LSEG Eikon and System GMM estimation, it finds that disclosing firms face higher interest co…

Anson Joseph

This paper analyzes blockchain and DLT's role in climate finance and carbon markets, drawing on 26 peer-reviewed studies and market intelligence. It synthesizes 2025-2026 developments in ReFi, Web3, and Layer 2 architectures, introduces a B…

Baştürk M.F.

This paper uses system GMM to analyze the impact of green finance on carbon emissions globally. It finds that green finance significantly reduces emissions, offering policy implications for promoting green finance.

Cosimo Magazzino, Muhammad Haroon, Nawal Abdalla Adam

Using provincial panel data from 30 Chinese regions (2000-2020), this study examines how green finance (GF) affects renewable energy innovation. Employing VAR, GMM, and DID methods, it finds a strong positive effect (β=2.08) of GF availabil…

Dr. P. Periasamy, Dr Ravimohan Rajmohan

This paper proposes an integrated framework analyzing climate-risk insurance, green bonds, and carbon markets as a unified climate-finance ecosystem. Through comparative case studies and systems modeling, it reveals feedback loops among the…

Li X.M.

This paper models downside risks in China's security markets and examines whether greenness makes bonds a safer haven. It provides empirical evidence on the risk profile of green bonds, offering implications for investors' ESG strategies an…

Hao Wang

This review examines how climate risk is quantitatively priced into green financial assets through carbon premiums, climate scenario discounts, and default structures. It synthesizes theoretical logic, empirical evidence, and challenges, hi…

Casalini L.

This paper examines the European regulatory framework for green finance in the real estate sector, analyzing how regulations like the EU Taxonomy and SFDR impact sustainability assessment and financing. It provides implications for practiti…

Ali S.

This paper examines the impact of green finance and innovation on sustainable development using panel data from G7 economies, finding synergistic effects between environmental investment and technological innovation.

Christensen J.L.

This paper analyzes the role of governance and delegation in climate transparency by European pension funds. It suggests that internal governance and delegation to asset managers are key to improving disclosure.

Md. Arif- Uzzaman

This paper compares sustainable finance approaches in six Asian countries (China, Japan, Singapore, Indonesia, Bangladesh, Mongolia) and proposes a Three-Model Framework: Capital-Market, Command-Control, and Concentration-Risk. It identifie…

Ghulam Muhammad Qamri, Muhammad Saeed, S. Makhmudov +1

This study analyzes 38 high- and upper-middle-income countries from 2011 to 2019 using a system GMM estimator, finding that both green finance and climate resilience positively impact sustainable development, but they are negatively correla…

Sharon Friel, Nicholas Frank

This paper examines how export credit agencies (ECAs) finance fossil fuels versus renewable energy globally using network analysis. It finds that fossil fuel investments dominate ECA energy finance by 12 times, and clean-energy flows to low…

Ari Purwanti, Ming Pong, Rit Som

This qualitative review examines how climate risk affects financial stability through physical, transition, and liability channels, exposing gaps in risk assessment, disclosure, and prudential regulation. It concludes that integrating clima…

Chien-Chiang Lee, Chih‐Wei Wang, Tsai-Yun Hu +2

This study empirically analyzes the relationship between carbon emissions and financial flexibility using an international firm-level sample. It finds that firms with higher emissions face tighter financial constraints, highlighting the imp…

Li J.

Analyzes 2,469 studies on green finance in China from a knowledge ecology perspective, examining policy governance features. Clarifies relationship between green finance policy frameworks and practice.

Nguyen L.T.M.

This study examines the cultural profiles of countries with high green bond issuance, exploring how national culture influences the development of green bond markets, a key instrument for climate finance.

Joana Setzer, Nina Koistinen, Kate Higham +1

This article analyzes two trajectories in European corporate climate litigation: extending public-law standards (human rights, carbon budgets) to private-law duties of care, due diligence, and disclosure; and the rise of polluter-pays litig…

Jing Ma, Yewei Wu, Wenxin Liu

This study examines whether China's Climate Investment and Financing Policy (CIF) promotes firms' climate adaptation innovation. Using Chinese A-share listed firms and a difference-in-differences approach, they find that CIF significantly i…