author = { Demirguc-Kunt, Asli Pedraza, Alvaro AND Pulga, Fredy AND Ruiz-Ortega, Claudia },

title = { Global Bank Lending under Climate Policy },

publisher = {The World Bank},

keywords = { Carbon Emmision Reduction Policy , Climate Change , Climate Change Economics , Climate Change Mitigation and Green House Gases , Climate Change Policy and Regulation , Climate Policy Index , Environment , Environmental Performance , Foreign Subsidiary Banks , Global Banks Environmental Performance , Green Capital Investment , Macroeconomics and Economic Growth , Public Sector Development },

year = {2022},

abstract = {What is the response of bank foreign subsidiaries to climate policy in their host countries This paper finds that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Through their foreign subsidiaries, these banks expand their credit by 4.6 percent following an increase of one-standard deviation in the host country's climate policy index. Importantly, the paper does not find evidence that banks with low environmental scores exit in response to climate initiatives. The findings show that strengthening climate policy might be a win-win strategy for policymakers in addition to addressing carbon emission reduction, climate-related initiatives also appear to attract foreign capital from lenders with strong preferences for green assets},

address = { Washington, D.C },

url = { http://slubdd.de/katalog?TN_libero_mab2 }