This study investigates how regulatory risk affects the cost of debt and risk preferences across energy sources. We use the OECD environmental policy stringency (EPS), loan spreads and investment decisions as measures of climate and environmental (CE) policy risk, cost of debt and risk...

This study investigates how regulatory risk affects the cost of debt and risk preferences across energy sources. We use the OECD environmental policy stringency (EPS), loan spreads and investment decisions as measures of climate and environmental (CE) policy risk, cost of debt and risk...

The cost of capital is a key driver of the low-carbon transition, as changes in firm-level financing costs can support or hinder low-carbon energy investment (LCI) and high-carbon energy investment (HCI). Using asset-level data from the S&P World Electric Power Plant database, we track...

The Just Transition Transaction (JTT) was developed for South Africa to support its coal retirement and greening of its national utility, ESKOM. We first use South Africa as a reference case study to deconstruct the JTT and develop a framework of necessary and conducive features for its...