Antoniuk, Yevheniia; Leirvik, Thomas - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-19
bonds as any asset are subject to transition climate risk, namely, regulatory risk. This paper investigates the impact of … unexpected political events on the risk and returns of green bonds and their correlation with other assets. We apply a … difficult to hedge. This additional risk to green bonds might cause a time-varying premium for green bonds found in previous …