This paper studies the conditions under
which debt securities that make the cost of debt contingent
on the issuer's carbon emissions, similar to
sustainability-linked loans and bonds, can be equivalent to
a carbon tax. The paper proposes a model in which standard
and environmentally-oriented agents can adopt polluting and
nonpolluting technologies, with the latter being less
profitable than the former. A carbon tax can correct the
laissez-faire...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2023/08/07
-
Рабочий документ в рамках исследования вопросов политики
-
WPS10539
-
1
-
2023/08/07
-
Disclosed
-
Reducing Carbon using Regulatory and Financial Market Tools
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)
-
Total Downloads** : 409