GX & Decarbonization Research

S. A. Sait

This paper analyzes climate finance and green trade transitions across three dimensions: the EU CBAM's asymmetric compliance burdens on developing-economy exports (steel, cement, aluminium); the scaling of green bond markets past USD 4 tril…

Cianforlini M.

This study examines how European members engage with and shape the Asian Infrastructure Investment Bank's energy strategy. It analyzes the interplay between multilateral development bank lending policy and evolving sustainable-finance norms…

Felix Rossmann, Jan Greitens, Lisa Knoll

This study compares two European SME surveys (2023, 2025) on sustainable finance engagement. SMEs rely mainly on internal funds, bank loans, and public programmes, while capital-market and green instruments remain largely irrelevant. Many i…

Cicchini D.

An empirical study examining the link between GHG emissions and firms' cost of debt across European firms, distinguishing mandatory from voluntary disclosure regimes. It tests whether higher emitters face higher borrowing costs and how disc…

Waidelich, Paul, Crassier, Constance, de Boer, Harmen Sytze +3

This replication package supports Waidelich et al. (2026, Nature Climate Change) on how financing cost differences affect global energy and industry decarbonization. It provides country- and sector-level after-tax nominal WACC estimates, pa…

(著者不明)

This paper examines ESG momentum pricing in corporate bonds, identifying a credibility barrier that conditions investor rewards for sustainability improvements. Using a decade-long panel of 3,380 EUR-denominated bonds, it finds state-contin…

Monday Sunday Adiaha

This study analyzes the structure and sufficiency of global climate finance flows against Paris targets, finding 2019 flows of $579B insufficient, with private investment concentrated in renewables and public finance foundational but limite…

Shigeyuki Hamori

This paper analyzes risk transmission between brown and green energy equity markets during the energy transition using a quantile-frequency framework. It finds that connectedness is state- and horizon-dependent, with physical climate risk r…

Hunter Hughes

The clean transition is constrained by a macro-financial trap: Global South projects face 10-18% WACC, doubling solar LCOE. FX mismatch is the key barrier; a $50B multilateral FX guarantee facility could cut tariffs by ~40%. Reforms to MDBs…

Luke Hatton

This paper quantifies the climate-related losses and damages from new UK oil and gas fields, demonstrating that their economic value destruction is global in scale. By clarifying the costs of fossil fuel expansion, it underscores the urgenc…

Liu H.

This paper empirically analyzes how regulatory environments influence green bond issuance among active OECD issuers, suggesting that stronger policy frameworks may boost issuance volumes and market participation.

Vanessa Weiss, Lydia Maria Lienhart, Rebekka Thieringer +1

This two-pager summarizes key takeaways from an Invest4Nature webinar on making Nature-based Solutions (NbS) finance-relevant. Representatives from insurance, banking, asset management, and corporate finance discussed private investment, Nb…

Mousumi Ghosh, Manvendra Pratap Singh

This paper examines how transition risk affects bank stability, focusing on the moderating role of climate governance. It considers lending to hard-to-abate sectors and suggests that robust climate governance can mitigate adverse effects on…

Renata Karkowska

This chapter clarifies climate risk taxonomy and transmission channels into financial markets, then analyzes how ESG pressures from regulation, disclosure, and legal constraints shape investor behavior. It examines pricing of climate risks,…

Durrani A.

This paper analyzes the views and policy approaches of central banks and monetary authorities in the Asia-Pacific region regarding their role in scaling up sustainable finance. It clarifies the current state and challenges of central bank i…

Diaz-Rainey I.

This paper reviews the state and challenges of green finance in Asia, discussing policy frameworks and research directions. It addresses Asia-specific financing needs and alignment with sustainable development goals, proposing future resear…

Hanaa Ibraheem Hussein, Hozan Tahseen Tawfeeq

This study examines the causal effect of green bond issuance on bank ESG performance using a global panel of 113 banks (1,243 bank-year observations) and IV-2SLS estimation. Results show green bond issuance significantly improves ESG scores…

Yong Li, Zi Shuang

Using 4,501 Chinese A-share firms (2009-2024), this study finds climate risk disclosure (CRD) positively associated with ROA and Tobin's Q. Pathways include lower financing costs and greater green innovation. Institutional ownership and acc…

You-Ren Wang

This repository provides code and derived data analyzing the financial incentives of blue carbon finance mechanisms for mangrove protection in Southeast Asia (Indonesia, Malaysia, Philippines). It compares avoided-loss crediting signals aga…

Shuocheng Li

Using a multi-period DID model on Chinese A-share listed firms (2014-2024), this study finds that green bond issuance significantly increases green patent applications, with stronger effects under robust intellectual property protection. He…