GX & Decarbonization Research

Chen, Delton

This working paper reframes the market failure in GHGs with new economic concepts and proposes a 'carbon reward' (XCR) as a positive financial incentive and investable asset backed by central bank guarantees. It funds GHG removal and emissi…

Rasim Simsek, Sabur Mollah, Abongeh Tunyi

This paper investigates whether climate-related disclosure (CRD) affects the financial performance of conventional and Islamic banks differently. Using a hand-collected dataset of 591 banks from 24 countries, it finds a positive association…

Lukas Balzer, Alena Miftakhova

This paper examines the impact of climate change on sovereign default risk. It explores how climate risks can affect a country's creditworthiness and borrowing costs, suggesting that delayed climate action may increase fiscal vulnerability.

(著者不明)

This report provides an index assessing the progress of green finance in major global financial centers. As the first edition, it presents baseline values and rankings.

Öcal H, Kamil AA, Torasan S

This study examines volatility dynamics in European corporate green and conventional bond markets from May 2020 to Jan 2025 using Granger causality, VAR, and impulse response analysis. It finds that VIXIE and VSTOXX negatively affect bond r…

Khusniddinova, Maftuna

This paper examines the main models of international legal frameworks for safeguarding green investments, including bilateral investment treaties (BITs), multilateral agreements, and emerging ESG-oriented regulatory mechanisms. It explores …

Tanya

This paper provides an overview of how green finance drives sustainable investments. It highlights the importance and future potential of sustainable investments without specific case studies or data.

Xiong Q.

This study uses fsQCA to analyze how green finance development influences carbon emissions, exploring configurations that lead to emission reductions. It contributes to understanding the mechanisms of green finance in decarbonization.

M. Zaheer Ahmed

This chapter examines the role of climate-focused entrepreneurs in developing countries, identifying key challenges such as limited capital access, inadequate infrastructure, policy instability, and skills gaps. It integrates quantifiable s…

David Hayes, Victor Y. Wu, Ainee Athar +10

U.S. companies and financiers continue investing in GHG reductions and removals, but the lack of investor-grade performance metrics threatens to hold back investments in three key areas: methane emissions reductions, hybrid CDR, and forest …

Chong Ye

Using panel data on over 3,600 Chinese A-share listed firms, this study finds that corporate climate risk awareness significantly reduces debt financing costs. The effect operates through improved ESG scores and increased public attention, …

Neha Sharma

This paper systematically reviews how green finance contributes to the Sustainable Development Goals (SDGs). It analyzes instruments such as green bonds, ESG investment, and climate funds, finding support for SDG 7, 9, 11, and 12. The revie…

Quiros-Tortos, Jairo, George, Jeeno, Brinkerink, Maarten +5

This paper uses the open-source OSeMOSYS Global energy system model to pre-screen transmission projects for climate finance eligibility in the ASEAN region. It identifies eligible projects based on emissions reductions and increased low-car…

Lavinia Mary Dkhar

This paper describes the Agroforestry-Carbon Project in Meghalaya, India, a large-scale initiative integrating agroforestry with carbon finance. As of 2025, over 13,000 farmers manage 23,000 ha, generating Carbon Removal Units. The project …

Dechun Wang, Hao Ding

This study examines whether public renewable-energy finance (green finance) improves health outcomes in five emerging economies using panel data from 2000-2023. It finds no robust association with life expectancy, and the under-5 mortality …

C. Spulbar, Mihai Cătălin Dupir

This article provides a bibliometric analysis of green finance literature in the context of climate change from 2001–2025 using Web of Science data. It reveals rapid growth after 2016, a polycentric international collaboration structure dom…

Vugar Mehdiyev, A. Musayev, Tamar Orjonikidze

This study uses an ARDL bounds testing approach to empirically investigate the impact of green bonds, ESG lending, and renewable energy finance on CO2 emissions in Azerbaijan from 2010 to 2023. A 1% increase in the Green Finance Index reduc…

Hesan Zahid, Mojmír Sabolovič, Hammna Jillani

This paper presents a systematic review and meta-analysis on the impact of green bonds on decarbonization. It synthesizes existing evidence to evaluate whether green bonds effectively reduce financing costs and promote environmental project…

Rapach S.

Proposes a taxonomy for leveraging earth observation data in sustainable finance, aiding environmental risk assessment and ESG data standardization.

Zhiwei Zhang

This paper theoretically constructs the transmission mechanism and macroprudential policy framework for climate financial risk. It proposes recommendations for China: an independent legalized macroprudential framework for transition risks, …