Knowledge Synthesize System Base on Research Document
| In the Name of COVID-19: Is the ECB Fuelling the Climate Crisis? | |
| Cojoianu, T. F.1,2,3; Hoepner, A. G. F.1,5,6; Schneider, F. I.1; Collins, E.4; Magill, D.4; O'Neill, T.4 | |
| 2020-07 | |
| 发表期刊 | ENVIRONMENTAL & RESOURCE ECONOMICS
 |
| ISSN | 0924-6460 |
| EISSN | 1573-1502 |
| 摘要 | We offer preliminary evidence drawing on a novel dataset of corporate bonds issued in the European energy sector since January 2020 in combination with the European Central Bank's (ECB) purchases under the Pandemic Emergency Purchase Programme (PEPP) in response to COVID-19. We show that the likelihood of a European energy company bond to be bought as part of the ECB's programme increases with the greenhouse gas (GHG) intensity of the bond issuing firm. We also find weaker evidence that the ECB's PEPP portfolio during the pandemic is likely to become tilted towards companies with anti-climate lobbying activities and companies with less transparent GHG emissions disclosure. Our findings imply that, at later stages of the COVID-19 recovery, an in-depth analysis may be necessary to understand if, and if yes why, the ECB fuelled the climate crisis. |
| 关键词 | Green economic recovery Climate finance Fossil fuels Green central banking |
| DOI | 10.1007/s10640-020-00450-z |
| WOS研究方向 | Business & Economics ; Environmental Sciences & Ecology |
| WOS类目 | Economics ; Environmental Studies |
| 出版者 | SPRINGER |
| 引用统计 | |
| 文献类型 | 期刊论文 |
| 专题 | 新冠肺炎 循证社会科学证据集成 |
| 作者单位 | 1.Univ Coll Dublin; 2.Univ Oxford; 3.Queens Univ Belfast; 4.InfluenceMap; 5.European Commiss; 6.Stockholm Sch Econ |
| 推荐引用方式 GB/T 7714 | Cojoianu, T. F.,Hoepner, A. G. F.,Schneider, F. I.,et al. In the Name of COVID-19: Is the ECB Fuelling the Climate Crisis?[J]. ENVIRONMENTAL & RESOURCE ECONOMICS,2020. |
| APA | Cojoianu, T. F.,Hoepner, A. G. F.,Schneider, F. I.,Collins, E.,Magill, D.,&O'Neill, T..(2020).In the Name of COVID-19: Is the ECB Fuelling the Climate Crisis?.ENVIRONMENTAL & RESOURCE ECONOMICS. |
| MLA | Cojoianu, T. F.,et al."In the Name of COVID-19: Is the ECB Fuelling the Climate Crisis?".ENVIRONMENTAL & RESOURCE ECONOMICS (2020). |
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| 文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Cojoianu-In the Name（1518KB） | 期刊论文 | 出版稿 | 开放获取 | CC BY-NC-SA | 浏览 下载 | |
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