IDEAS home Printed from https://ideas.repec.org/a/bfr/econot/379.html
   My bibliography  Save this article

Green premium: can firms fund their green projects at a lower cost?
[Prime verte : les entreprises peuvent-elles financer leurs projets verts à moindre coût ?]

Author

Listed:
  • Valérie Chouard
  • Tristan Jourde

Abstract

This post is part, with the post 380 “Do green sovereign bonds benefit from a green premium? » (with link) and post 381 “Valuation of the climate risk of corporate bonds” (with link) of the series dedicated to “Green Premiums”. To finance an environmentally-friendly project, firms can opt to issue green bonds. This study finds that investors are willing to accept slightly lower yields on green bonds. However, this premium (or “greenium”) fluctuates over time, and varies according to euro area country, sector and the green label obtained. Ce billet fait partie, avec les billets 380 : « Les obligations souveraines vertes bénéficient–elles d’une prime verte ? » et 381 « Valorisation du risque climatique des obligations d’entreprise » de la série du blog consacrée aux « Primes vertes ». Pour financer un investissement respectueux de l’environnement, une entreprise peut émettre une obligation verte. L’étude révèle que les investisseurs sont prêts à demander une rémunération légèrement inférieure pour ces obligations vertes. Néanmoins, cette prime verte fluctue dans le temps, entre les principaux pays et secteurs de la zone euro, et en fonction du label vert obtenu.

Suggested Citation

  • Valérie Chouard & Tristan Jourde, . "Green premium: can firms fund their green projects at a lower cost? [Prime verte : les entreprises peuvent-elles financer leurs projets verts à moindre coût ?]," Eco Notepad (in progress), Banque de France.
    • Handle: RePEc:bfr:econot:379
    as

    Download full text from publisher

    File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/green-premium-can-firms-fund-their-green-projects-lower-cost
    Download Restriction: no
    File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/prime-verte-les-entreprises-peuvent-elles-financer-leurs-projets-verts-moindre-cout
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bfr:econot:379. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael brassart (email available below). General contact details of provider: https://edirc.repec.org/data/bdfgvfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.