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Green securitisation
DOI:10.1080/20430795.2021.1874214.png)
Abstract
En 中文
A theoretical framework is provided for the innovative tool of green securitisation. We test the effects of this strategy on financing institutions' exposure to climate risk and their alignment with global climate targets. We also estimate bondholders' returns when they invest in these 'green' securities. We discuss the extent to which 'green' securitisation can be an effective strategy for climate risk management and a promising way to yield more resilient and mission-aligned financing institutions.
Keywords:
Green bonds
climate change
stranded assets
credit risk
securitisation
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