A theoretical framework is provided for the innovative tool of green securitisation. We test the effects of this strategy on financing institutions’ exposure to climate risk and their alignment with global climate targets. We also estimate bondholders’ returns when they invest in these ‘green’ securities. We discuss the extent to which ‘green’ securitisation can be an effective strategy for climate risk management and a promising way to yield more resilient and mission-aligned financing institutions.
Green securitisation
Rossella Agliardi
2021
Abstract
A theoretical framework is provided for the innovative tool of green securitisation. We test the effects of this strategy on financing institutions’ exposure to climate risk and their alignment with global climate targets. We also estimate bondholders’ returns when they invest in these ‘green’ securities. We discuss the extent to which ‘green’ securitisation can be an effective strategy for climate risk management and a promising way to yield more resilient and mission-aligned financing institutions.File in questo prodotto:
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