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The impact of green bond market on climate: evidence from Ghg emissions
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Resumo(s)
Green bonds are considered as a way of mitigating the adverse environmental effects of human
activity. Indeed, they are growing exponentially in line with current environmental concerns.
With this in mind, we will conduct an empirical analysis to understand (1) what drives GHG
reduction (2) if these investments toward the green bond market induce a reduction in CO2.
Running OLS regression on 955 green Bonds, on the EU and the USA, between 2012 and 2020,
we find evidence that the investment flow and the Paris Agreements do not affect the GHG.
Moreover, Environment Protection Expenditures and Environment protection stringency
negatively correlate with GHG. On the other hand, environmentally related tax revenue, patents
destined to air pollution abatement, and weighted average YTM positively affect GHG
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Green bonds Pollution Ghg Investments Co2 Sustainability