We jointly model green and regular bond markets. Green bonds can improve allocative
efficiency and lower financing costs for green projects, but economies of scale, like liquidity …

Green bonds are a new instrument to finance decarbonization and environmental
sustainability projects. Despite significant growth in green bond issuance, there is little …

I investigate the use of proceeds and the real impact of global corporate green bonds issued
by non-financial firms, with a focus on greenhouse gas (GHG) emissions. The research …

The opinions expressed are those of the individual authors. Portfolio Management Research
is not responsible for the accuracy, completeness, or timeliness of the information contained …