{
  "title": "How Green are Green Debt Issuers?",
  "publication": "IMF Working Papers, July 23, 2021",
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  "summary": "Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks.",
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      "heading": "Summary findings",
      "content": "- Green debt markets are rapidly growing while product design and standards are evolving.\n- Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks.\n- The analysis documents the CO2 emission intensity of corporate green debt issuers.\n- Key empirical findings:\n  - Green bond issuers have lower emission intensities relative to other firms.\n  - There is no difference in emission intensity for green loan and sustainability-linked loan borrowers relative to other firms.\n  - Green bond, green loan, and sustainability-linked loan borrowers lower their emission intensity over time at a faster rate than other firms."
    },
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      "heading": "Authors and timing",
      "content": "- By Jochen Schmittmann, Chua Han Teng\n- July 23, 2021"
    },
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      "content": "- Contributes to the nascent literature on the environmental impact of green debt by documenting CO2 emission intensity for corporate green debt issuers.\n- Situates green debt as a policy and market tool relevant for the low carbon transition and climate-risk pricing.\n\nSource: https://www.imf.org/en/publications/wp/issues/2021/07/23/how-green-are-green-debt-issuers-462142\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2021/07/23/how-green-are-green-debt-issuers-462142"
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    "Authors: Jochen Schmittmann, Chua Han Teng",
    "Published: July 23, 2021",
    "Series: IMF Working Papers",
    "Green debt markets are rapidly growing while product design and standards are evolving.",
    "Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks.",
    "The analysis documents the CO2 emission intensity of corporate green debt issuers.",
    "Key empirical findings:",
    "By Jochen Schmittmann, Chua Han Teng",
    "July 23, 2021",
    "Contributes to the nascent literature on the environmental impact of green debt by documenting CO2 emission intensity for corporate green debt issuers.",
    "Situates green debt as a policy and market tool relevant for the low carbon transition and climate-risk pricing.",
    "**Working Paper**"
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