Ribeiro, Gonçalo SommerSantos, Gonçalo Duarte Pina dos2022-06-222022-06-222022-01-112021-12-17http://hdl.handle.net/10362/140485The green bond market has been experiencing a significant increase in the past years, this growth is leaving the uncertainty of whether there is a green bond premium or not. Different literature points out the existence of a green bond premium, assuming that investors are willing to pay more for this type of instrument. Based on these facts, this work intends to apply a green bond premium to EDPR’s cost of debt to measure the empirical impact of this premiumonthecompany’scostofcapitalandconsequentlyshareprice,whileunderstanding if EDPR should issue this type of bonds.engValuationFinanceEDP renewables: winds of change - green bonds, are we financing the futuremaster thesis202973387