Does climate legislation matter for bank lending? Evidence from MENA countries

Saibal Ghosh

Ecological Economics, 2023, vol. 212, issue C

Abstract: Using data on MENA country-banks, the paper assesses the impact of climate legislation on bank lending. Exploiting the staggered timing of the implementation of such laws across countries, the evidence shows that such legislations lower lending by 5%. The impact manifests more starkly for Islamic banks as compared with their conventional counterparts. Banks increase investment to compensate for the revenue loss, although there was no discernible impact on their deposits.

Keywords: Bank lending; Climate; Conventional; Islamic; MENA (search for similar items in EconPapers)
JEL-codes: G21 Q54 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:212:y:2023:i:c:s0921800923001866

DOI: 10.1016/j.ecolecon.2023.107923

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