Why do firms issue green bonds?

Abstract

working paper series why do firms issue green bonds? julien xavier daubanes, shema frédéric mitali and jean-charles rochet january 2022 ceepr wp 2022-001 working paper series. since 1977, the center for energy and environmental policy research (ceepr) has been a focal point for research on energy and environmental policy at mit. ceepr promotes rigorous, objective research for improved decision making in government and the private sector, and secures the relevance of its work through close cooperation with industry partners from around the globe. drawing on the unparalleled resources available at mit, affiliated faculty and research staff as well as international research associates contribute to the empirical study of a wide range of policy issues related to energy supply, energy demand, and the environment. an important dissemination channel for these research efforts is the mit ceepr working paper series. ceepr releases working papers written by researchers from mit and other academic institutions in order to enable timely consideration and reaction to energy and environmental policy research, but does not conduct a selection process or peer review prior to posting. ceepr’s posting of a working paper, therefore, does not constitute an endorsement of the accuracy or merit of the working paper. if you have questions about a particular working paper, please contact the authors or their home institutions. why do firms issue green bonds?∗ julien daubanes technical university of …

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