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The financing of EU firms for green competitiveness

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Abstract

"To support informed policymaking, this brief offers a detailed, sector-specific analysis of how EU firms access capital markets, with a focus on green financial instruments, comparing their position with counterparts in other regions and industries.It aims to help identify both the opportunities financial markets offer for fostering innovation and advancing the green transition, and the barriers that still hinder effective financing. The analysis also outlines possible directions for strengthening EU financial markets and exploring their role in achieving the objectives of the Competitiveness Compass"

Suggested Citation

  • London Melina & Cotignano Giacomo & Fatica Serena, 2025. "The financing of EU firms for green competitiveness," JRC Research Reports JRC142344, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc142344
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC142344
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    References listed on IDEAS

    as
    1. Oecd, 2015. "Disruptive Innovation in the Financial Sector," OECD Roundtables on Competition Policy Papers 179, OECD Publishing.
    2. Lee, Chi-Chuan & Lee, Chien-Chiang, 2022. "How does green finance affect green total factor productivity? Evidence from China," Energy Economics, Elsevier, vol. 107(C).
    3. Yang, Minhua & Ma, Linkun & Gu, Yan & Wu, Wenfeng, 2025. "The impacts of green bonds on the green innovation: Evidence from the corporate green transformation in China," Emerging Markets Review, Elsevier, vol. 65(C).
    4. Ramana Nanda & William R. Kerr, 2015. "Financing Innovation," Annual Review of Financial Economics, Annual Reviews, vol. 7(1), pages 445-462, December.
    5. Josh Lerner & Ramana Nanda, 2020. "Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn," Journal of Economic Perspectives, American Economic Association, vol. 34(3), pages 237-261, Summer.
    6. Fatica, Serena & Panzica, Roberto & Rancan, Michela, 2021. "The pricing of green bonds: Are financial institutions special?," Journal of Financial Stability, Elsevier, vol. 54(C).
    7. Dong, Hanmin & Zhang, Lin & Zheng, Huanhuan, 2024. "Green bonds: Fueling green innovation or just a fad?," Energy Economics, Elsevier, vol. 135(C).
    8. Manju Puri & Rebecca Zarutskie, 2012. "On the Life Cycle Dynamics of Venture-Capital- and Non-Venture-Capital-Financed Firms," Journal of Finance, American Finance Association, vol. 67(6), pages 2247-2293, December.
    9. Serena Fatica & Roberto Panzica, 2021. "Green bonds as a tool against climate change?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2688-2701, July.
    10. Ramana Nanda & William R. Kerr, 2015. "Financing Innovation," Annual Review of Financial Economics, Annual Reviews, vol. 7(1), pages 445-462, December.
    11. repec:bof:bofrdp:urn:nbn:fi:bof-201512141480 is not listed on IDEAS
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