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Type | Scientific Publication In Electronic Form |
Scope | Discipline-based scholarship |
Title | Fuelling fossil fuel: bond to bank substitution in the transition to a low-carbon economy, principles for responsible investment |
Organization Unit | |
Authors |
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Language |
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Place of Publication | London |
Publisher | Principles for Responsible Investment |
Date | 2020 |
Abstract Text | Fossil fuel investments over the past few years are at the centre of political debates about climate change policy. This article explores the role market- and bank-based debt play in the climate transition process. It presents evidence that fossil fuel firms increasingly substitute bonds for syndicated bank loans, when banks price the risk of stranded assets less than the bond market. |
Free access at | Official URL |
Official URL | https://www.unpri.org/pri-blog/fuelling-fossil-fuel-bond-to-bank-substitution-in-the-transition-to-a-low-carbon-economy/5712.article |
Other Identification Number | merlin-id:19438 |
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