Like many countries responding to climate change, Korea also faces an unprecedented transformation of its power sector into a low-carbon system. To evaluate the most advantageous combination of technologies and necessary policies for achieving the goals of such a transformation, this study...

Green bonds are a form of bonds whose proceeds should be exclusively used for green projects. The green bond premium or greenium is the difference in yield between a green bond and the otherwise-identical brown bond. We propose a stylized model in which the size of the premium is affected by...