GX & Decarbonization Research

Ruxia Lyu, Zhitang Li, Reza Zanjirani Farahani

This paper analyzes supplier financing mechanisms for green transformation under carbon regulation. It shows that when traditional trade credit fails, energy performance contracts (EPC) succeed. Provides new insights for corporate decarboni…

Yì Wáng, Yali Chen, Tingqiang Chen

This paper examines how regional carbon neutral technology innovation affects corporate transition risks, with a focus on the moderating role of sci-tech finance. Using Chinese data, it finds that innovation reduces transition risks, highli…

Amandeep Kaur Sangra

This study develops an AI-driven risk pricing index (AI_Price) using Random Forest and LSTM to price transition risks in agriculture. Using a panel of 800 Punjab farms and exploiting the 2019 Green Credit Policy rollout as a quasi-experimen…

Sarath Chandran MC, Renju Chandran

Using a balanced panel of 1,370 listed firms across nine emerging economies from 2014 to 2024, this study finds that green finance significantly improves corporate environmental performance. However, this positive effect is weakened under h…

Akorede K. Oluwo

This paper systematically categorizes environmental finance instruments aimed at GHG abatement and transition risk management, including green bonds, transition bonds, and carbon credits. It analyzes their features and case studies from fir…

V. Zhelyazkova

This paper examines the integration of climate transition risk into EU banking supervision, reviewing ECB and EBA guidelines, stress testing practices, and strategic adaptations by banks. It highlights challenges in scenario design and risk…

A. Bethlendi, Norbert Holczinger

This paper formalizes the green trilemma of banks balancing safety, income, and green goals, proposing green differentiated capital requirements. It evaluates Hungary's Green Preferential Capital Requirement Program (GPCRP), a pioneering gr…

Yanis Rihi

This paper critically analyzes how climate justice risks becoming a tool of domination, using the case of the Just Energy Transition Partnership (JETP) in Senegal. It questions power structures in international climate finance.

Wangui Kimari, Henrik Ernstson

This contention article critically examines green transition financing in Africa, arguing that it may reinforce colonial structures and deflect local demands for structural change. It highlights how narratives of an 'African Century' obscur…

Muyao He, Qun Wang

This paper explores how integrating digital cultural dissemination with green finance can promote low-carbon transition along the Belt and Road. It argues that combining cultural outreach with financial mechanisms can accelerate decarboniza…

Royyan As-Syafi'i, Mugiyati Mugiyati

This study analyzes and formulates the concept of Sharia Green Leasing, integrating ijarah contracts with ESG frameworks. Using qualitative literature review, it finds potential for financing green assets like EVs and low-carbon technologie…

Ashwani Kumar, Pranjal Yadav, Dr. Vaibhav

This paper analyzes India's lean-green financing schemes for MSMEs, including PMMY, CGTMSE, SIDBI's green initiatives, and ZED certification. It finds growth in lending but gaps in integrating lean efficiency with green sustainability. It e…

Harshita Sharma, Swati Jain

This chapter examines the role of government policies and regulations in fostering green finance within the framework of Industry 5.0. It compares policy approaches from countries including India, China, Brazil, France, Indonesia, and Germa…

Nasir, Norita Mohd, Rassiah, Puspavathy, Ravichandran, Subramaniyam +3

This practice-oriented case study documents the sustainable finance journeys of four leading Malaysian corporations across telecom, palm oil, renewable energy, and energy sectors. It analyzes instruments like sustainability-linked loans, gr…

Domenica Federico, Rosa Adamo, Antonella Notte

Circular finance is an innovative sustainable finance domain focusing on financing circular economy projects and business models. It differs from green, climate, and carbon finance by emphasizing resource loops and systemic integration acro…

Lindokuhle Mbokane, Marloes Reinink, Khululekani Ntakana +1

This study investigates the role of financial institutions in financing green buildings in South Africa. Through document analysis of 158 documents and 4 interviews, it finds that while green bonds and loans are available, funding is skewed…

Yahaya, Onipe Adabenege

This study empirically examines how green financing instruments (green bonds, green loans, sustainability-linked financing) affect corporate capital structure (debt-to-equity, debt-to-total assets) using panel data from Nigerian firms. Fixe…

Ülgen, Faruk

This chapter argues that financial stability and green transition are two sides of the same coin: a structural transformation to a sustainable economy. It highlights the obstacle from the opposition between private interest and the common g…

Un Loi Lao

This study proposes a dual-shield framework to explain capital structure dynamics in China's real estate sector, distinguishing between coercive policy shields and proactive sustainability shields. Analyzing A-share firms from 2003-2021, it…

Marta Mańkowska, Dominika Kordela, Monika Pettersen-Sobczyk

This literature review and bibliometric analysis examines crowdfunding as a financing mechanism for sustainable transport innovation. It identifies three core research areas: sustainability and finance, fintech and blockchain, and managemen…