GX & Decarbonization Research

Ruohan Wang

This study empirically analyzes how third-party green certification, corporate ESG ratings, and environmental disclosure quality affect green bond pricing in China (2017-2024). Using multiple linear regression, it finds that certification r…

(著者不明)

This paper analyzes the attributes of companies that issue bonds aimed at solving environmental and social issues (e.g., green bonds). It clarifies issuer characteristics such as size, industry, and financial profile, providing foundational…

(著者不明)

This paper examines the role of rating agencies in sustainable finance, focusing on their impact on markets through ESG assessments and green bond certifications, and discusses challenges and opportunities for enhancing credibility.

(著者不明)

This study examines policy measures to promote sustainable investment by pension funds, drawing lessons from European practices. It provides recommendations for Japanese pension funds to expand ESG investment.

(著者不明)

This paper examines the role and potential of institutional investors in achieving a decarbonized society. It analyzes their influence on carbon emission reduction through engagement and ESG investing, and presents the current status and ch…

Aslbek Rovshanov, Worldly Knowledge Publishing Centre

This paper compares Uzbekistan and Kazakhstan to identify barriers to private sector green bond issuance. Despite having green taxonomies and sovereign green bonds, Uzbekistan has only one corporate green bond. Kazakhstan, with similar poli…

Asmae El Jaouhari, Ashutosh Samadhiya, Anil Kumar +3

This study bridges the research-practice gap in real estate decarbonization and green investment through a PRISMA-informed review of 74 articles. It identifies five driver clusters (including green premium) and eight barrier clusters, and o…

Tomczak K.

This study analyzes the cross-country impact of green bond issuance on environmental quality measured by the load capacity factor. It finds heterogeneous effects across countries, highlighting the role of policy and market maturity. The fin…

Shah S.A.

This study analyzes the impact of ESG uncertainty on green bond performance using a nonlinear time-frequency quantile approach. Findings suggest that heightened ESG uncertainty increases return volatility of green bonds, with pronounced neg…

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…

Shuhan Wang, Di Fan, Chris K.Y. Lo +1

This paper examines shareholder concerns arising from ambitious corporate carbon neutrality goals and explores ways to mitigate them. It suggests that transparency in goal setting and communication strategies are crucial.

Andreas G. F. Hoepner, Stefan Jacob, Sarah Koch +2

The paper identifies that net-zero investment strategies guided by relative carbon intensity (CI) metrics can be misleading and insufficient. It proposes an inflation-adjusted CI metric and absolute GHG emission limits at portfolio inceptio…

Clapp J.

This paper reflects on the international political economy (IPE) of green finance, discussing institutional and power structures that shape its adoption. It provides a conceptual analysis without empirical data, highlighting political econo…

Fan L.

This paper empirically examines how green finance policies affect corporate debt default risk in China. It finds that stronger green policies reduce borrowing costs and lower default probabilities. Using Chinese market data, the study provi…

Sharma S.E.

This introductory paper surveys the international political economy of green finance, likely discussing policy and regulatory frameworks.

Dr. Divyesh Patel

This paper explores the transformation of business restructuring finance from a traditional focus on liquidity and leverage to a sustainability-integrated capital framework. It examines how sustainability-linked financing instruments embed …

Zizhen Cai, Xinli Li

Using data from Chinese listed power companies (2010-2021), this paper empirically analyzes how green credit promotes synergy between carbon reduction and efficiency improvement. It finds green technology innovation as a key mediator and ex…

Bell, Peter

This working paper presents a practical, non-scoring framework for assessing corporate climate transition plans that depend on external organizations beyond the company's control. It uses the German steel industry's shift to direct-reductio…

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…

Mahima M Naik

This conceptual paper reviews India's Sovereign Green Bond framework introduced in 2022 and its debut issuance in 2023. Drawing on signalling theory, Pigouvian welfare economics, stakeholder theory, and the greenium concept, it develops an …