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The Effect of Green Bonds on Climate Risk Amid Economic and Environmental policy uncertainties

Author

Listed:
  • Kamel Si Mohammed

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • Vanessa Serret

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

  • Christian Urom

    (PSB - Paris School of Business - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université)

Abstract

This study investigates the impact of green bonds on climate risk indices, specifically considering the Economic Policy Uncertainty (EPU) and the climate summit indices. The analysis covers the time frame from November 28, 2008, to August 31, 2022, using multivariate quantile-on-quantile regression (MQQR) and quantile-on-quantile regression (QQR) approaches. The main findings indicate that green bonds have significant potential in addressing climate risk despite economic and environmental policy uncertainty. This suggests the need for an incentive framework to support the development of green bonds in the US market to facilitate progress towards achieving Sustainable Development Goal 13 concerning climate action.

Suggested Citation

  • Kamel Si Mohammed & Vanessa Serret & Christian Urom, 2024. "The Effect of Green Bonds on Climate Risk Amid Economic and Environmental policy uncertainties," Post-Print hal-04444957, HAL.
    • Handle: RePEc:hal:journl:hal-04444957
    DOI: 10.1016/j.frl.2024.105099
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    Citations

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    Cited by:

    1. Si Mohammed, Kamel & Abddel-Jalil Sallam, Osama Azmi & Abdelkader, Salim Bourchid & Radulescu, Magdalena, 2024. "Dynamic effects of digital governance and government interventions on natural resources management: Fresh findings from Chinese provinces," Resources Policy, Elsevier, vol. 92(C).
    2. Zheng, Ye & Tarczyński, Waldemar & Jamróz, Paweł & Ali Raza, Syed & Tiwari, Sunil, 2024. "Impacts of mineral resources, economic growth and energy consumption on environmental sustainability: Novel findings from global south region," Resources Policy, Elsevier, vol. 92(C).
    3. Ben Jabeur, Sami & Gozgor, Giray & Rezgui, Hichem & Mohammed, Kamel Si, 2024. "Dynamic dependence between quantum computing stocks and Bitcoin: Portfolio strategies for a new era of asset classes," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    4. Ruxing Lin & Guangcheng Ma & Jianhua Cao, 2024. "Do Green Bonds Help to Improve Enterprises’ Financing Efficiency? Empirical Evidence Based on Chinese A-Share Listed Enterprises," Sustainability, MDPI, vol. 16(17), pages 1-20, August.
    5. Alshammari, Saad & Serret, Vanessa & Tiwari, Sunil & Si Mohammed, Kamel, 2025. "Industry 4.0 and AI amid economic uncertainty: Implications for sustainable markets," Research in International Business and Finance, Elsevier, vol. 75(C).
    6. Shah, Syed Sumair & Nakouwo, Solomon Nborkan & Sobirjonovna, Gulnora Murodova & Khan, Anwar, 2025. "Exploring the sustainability impact of green bonds on ecological and resource capacities," Renewable Energy, Elsevier, vol. 243(C).
    7. Wu, Jiawen & Li, Jing-Ping & Su, Chi-Wei, 2024. "Can green bond hedges climate policy uncertainty in the United States: New insights from novel time-varying causality and quantile-on-quantile methods?," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1158-1176.
    8. Yao, Zengfu & Chen, Yonghuai & Deng, Shicheng & Zhang, Yifeng & Wei, Yu, 2025. "Carbon emission allowance, global climate risk, and agricultural futures: An extreme spillover analysis in China," Finance Research Letters, Elsevier, vol. 71(C).
    9. Zia, Hafiz Muhammad Yasir & Yang, Wanping & Masood, Abdullah & Ahmed, Afaf & Aldawsari, Salem Hamad, 2025. "Can money help to achieve the Paris agreement goal? the missing piece of the puzzle: How green monetary policy can bridge the emissions gap," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 494-529.
    10. Piao, Xiaorui & Mei, Bin, 2025. "On the corporate performance of issuers of various green assets," Finance Research Letters, Elsevier, vol. 78(C).

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