XF-BO37W3B-L
Research / Academic Paper ACTIVE

Being stranded with fossil fuel reserves? climate policy risk and the pricing of bank loans

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Abstract

Abstract Do banks price the risk of stranded fossil fuel reserves? To address this question, we hand collect global data on corporate fossil fuel reserves from 2002 to 2016, match it with syndicated loans, and subsequently compare the loan rate charged to fossil fuel firms — along their climate policy exposure — to other firms. We find that banks price climate policy exposure, especially after 2015. We also uncover that our main effect further increases for loans with longer maturity, that loan size to fossil fuel firms increases, and that ‛Green’ banks also charge higher loan rates to fossil fuel firms.

Source: resolved

Document Metadata

Issuer
Wiley
Document Type
Research / Academic Paper
Publication Year
2024
Retrieved
5 May 2026
Source
Contact XFID for Access
Record ID
XFBO37W3BL
Validation
Inferred by XFID

Topics

Bank LendingStranded AssetsTransition Risk

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Academic / report citation
Wiley (2024). Being stranded with fossil fuel reserves? climate policy risk and the pricing of bank loans. XFID: XF-BO37W3B-L. Retrieved from https://xframework.id/XFBO37W3BL
Identifier only
XF-BO37W3B-L