Do banks fuel climate change?
Allbwn ymchwil: Papur gweithio › Papur Gwaith
Fersiynau electronig
Dolenni
- https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2550~24c25d5791.en.pdf?e596fd59561e77340a4b6f4319dce966
Fersiwn derfynol wedi’i chyhoeddi
Do climate-oriented regulatory policies affect the flow of credit towards polluting corporations? We match loan-level data to firm-level greenhouse gas emissions to assess the impact of the Paris Agreement. We find that, following this agreement, European banks reallocated credit away from polluting firms. In the aftermath of President Trump’s 2017 announcement that the United States was withdrawing from the Paris Agreement, lending by European banks to polluting firms in the United
States decreased even further in relative terms. It follows that green regulatory initiatives in banking can have a significant impact combating climate change.
States decreased even further in relative terms. It follows that green regulatory initiatives in banking can have a significant impact combating climate change.
| Iaith wreiddiol | Saesneg |
|---|---|
| Cyhoeddwr | European Central Bank |
| Statws | Cyhoeddwyd - 14 Mai 2021 |
Cyfres gyhoeddiadau
| Enw | Working Paper Series |
|---|---|
| Cyhoeddwr | European Central Bank |
| Rhif | 2550 |