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| Type | Scientific Publication In Electronic Form |
| Scope | Discipline-based scholarship |
| Title | Too big to strand? Bond versus bank financing in the transition to a low carbon economy |
| Organization Unit | |
| Authors |
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| Language |
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| Place of Publication | London |
| Publisher | VoxEU, CEPR Policy Portal |
| Date | 2021 |
| Abstract Text | One of the concerns in the debate on climate change is whether financial flows contribute to the reduction of emissions. This column looks at the role bond market-based and bank-based debt plays in the allocation of resources to fossil fuel in the context of the risk of stranded assets. The authors show that banks continue to provide financing to fossil fuel firms that the bond market would not finance as long as they do not price the risk of stranded assets. In this setting, stranded assets risks may have shifted to large banks. |
| Free access at | Official URL |
| Official URL | https://voxeu.org/article/bond-versus-bank-financing-transition-low-carbon-economy |
| Other Identification Number | merlin-id:21721 |
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