Title: The Paris Agreement's impact on the green bonds market

Authors: Hatem Rjiba; Federica Salvadé; Ryan Tolliver; Juan Ignacio Torriconi

Addresses: Paris School of Business, Paris 75013, France ' Paris School of Business, Paris 75013, France ' Paris School of Business, Paris 75013, France ' Paris School of Business, Paris 75013, France

Abstract: Green bonds are a relatively new instrument in financial markets, and are considered one of the best tools available to finance green projects and help reduce greenhouse gas emissions. This paper investigates the effects of the Paris Climate Agreement on the green bond market. We focus on US municipal, corporate and government green bonds. We document that the number of such bonds issued have significantly increased immediately after the agreement was adopted, suggesting that the adoption of the Paris Agreement has played a significant role in the development of the green bond market.

Keywords: Paris Agreement; green bonds; green house gas emissions.

DOI: 10.1504/IJGEI.2023.130675

International Journal of Global Energy Issues, 2023 Vol.45 No.3, pp.301 - 314

Received: 25 Aug 2021
Accepted: 29 Jul 2022
Published online: 02 May 2023 *

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