IDEAS home Printed from https://ideas.repec.org/h/cpr/ebchap/p347-21.html

Green bonds and carbon emissions: Exploring the case for a rating system at the firm level

In: Combating Climate Change: A CEPR Collection

Author

Listed:
  • Pereira da Silva, Luiz A.
  • Packer, Frank
  • Mojon, Benoit
  • Ehlers, Torsten

Abstract

Green bonds are debt instruments whose proceeds finance projects with various environmental benefits - including climate change mitigation. So far, however, green bond projects have not necessarily translated into comparatively low or falling carbon emissions at the firm level. We discuss the potential benefits of a firm-level rating based on carbon intensity (emissions relative to revenue) to complement existing project-based green labels. We argue that such a rating system could provide a useful signal to investors and encourage firms to reduce their carbon footprint.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Pereira da Silva, Luiz A. & Packer, Frank & Mojon, Benoit & Ehlers, Torsten, 2021. "Green bonds and carbon emissions: Exploring the case for a rating system at the firm level," CEPR Press Book Chapters, in: Weder di Mauro, Beatrice (ed.), Combating Climate Change: A CEPR Collection, edition 1, volume 1, chapter 21, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ebchap:p347-21
    as

    Download full text from publisher

    File URL: https://cepr.org/node/395086
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

    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:cpr:ebchap:p347-21. 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: CEPR (email available below). General contact details of provider: https://cepr.org/ .

    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.