The transition towards a low-carbon economy requires the fundamental reallocation of financial capital from current technologies towards green innovation. The role of public financing of green technological innovation by Multilateral Development Banks (MDB) is a largely unexplored area. In this...

The transition towards a low-carbon economy requires the fundamental reallocation of financial capital from current technology towards green innovation. The role of public financing of green technological innovation by Multilateral Development Banks (MDB) is a largely unexplored area. In this...

We investigate whether credit rating agencies incorporate climate risk in their rating models. As climate risk is not well defined, we implement several identification strategies using a sample of U.S. cities whose creditworthiness should vary with climate risk–related disruptions to their...