Does Financing Strategy Accelerate Corporate Energy Transition? Evidence from Green Bonds

Mohammed Benlemlih, J. Jaballah and L. Kermiche
Additional contact information
Mohammed Benlemlih: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School

Post-Print from HAL

Abstract: With energy transition becoming an urgent priority for companies worldwide, practitioners and policymakers are urging them to finance climate-friendly projects. This paper investigates how the issuance of green bonds affects firms' carbon emissions and environmental performance. Our results show that green bond issuance significantly improves firms' overall environmental performance and their capacities to create new environmental technologies and processes. However, green bond issuance has a less clear effect on carbon emissions intensity and requires additional time (one or more years) before being able to improve the emissions intensity. Taken together, our study's findings clearly highlight the importance of green bonds in financing energy transition in the corporate sector and provide evidence to encourage policymakers to strengthen the legal framework relating to their issuance. \textcopyright 2022 ERP Environment and John Wiley & Sons Ltd.

Keywords: carbon emission; carbon emissions; corporate strategy; emission control; environmental economics; environmental performance; finance; green bonds; policy approach (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Business Strategy and the Environment, 2023, 32 (1), pp.878--889. ⟨10.1002/bse.3180⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04434020

DOI: 10.1002/bse.3180

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().