Academic Research Centre Overview
The Climate Bonds Initiative is committed to much of our research and work on debt capital markets and climate change solutions being an accessible common good. We have various resources on our website through which you can obtain summary market data.
However, we generally only provide database access (i.e. deal-level data) to educational institutions in our Partners Programme. This includes yearly access to several fields in our green bond database for a reduced fee versus our normal programme (which fields depends on Partnership level). The data is updated on a weekly basis and can be used across the institution. Please get in touch with email@example.com to obtain more info.
In some cases we also offer one-off downloads of the database to individual students/researchers, for a similar cost to an Academic Partnership. Please contact the Partnerships team for more details.
Below we organise our reports and materials for academic use. Please contact Aneil Tripathy, our Academic Research Coordinating Consultant, at firstname.lastname@example.org for specific queries.
Climate Bonds Initiative: Introduction to the work we do in setting standards, policy and advocacy, and providing market intelligence.
Reports: Here are all Climate Bonds white papers, pricing research, and policy reports. Suggested citations are available on each report homepage. We are currently updating our citations so for any citation queries contact us at email@example.com
Explaining Green Bonds: The basics of green bonds and the market.
Types of Debt Instruments: Debt instruments that can be certified under the Climate Bonds Standard and Certification Scheme.
Academic Publications by Climate Bonds Affiliates
Harrison, Caroline and Partridge, Candace and Tripathy, Aneil. 2020. "What's in a Greenium: An Analysis of Pricing Methodologies and Discourse in the Green Bond Market." The Journal of Environmental Investing 10(1), Available at http://www.thejei.com/journal/., Available at SSRN: https://ssrn.com/abstract=.
Tripathy, Aneil, Mok, Lionel and Katie House. 2020. “Defining Climate-Aligned Investment: An Analysis of Standards Development for the Green Bond Market.” Journal of Environmental Investing 10(1).
Mok, Lionel, Tripathy, Aneil and Grégoire Lunven de Chanrond. 2020. “A Multidisciplinary Literature Review of Academic Research on the Green Bond Market.” Journal of Environmental Investing 10(1).
Partridge, Candace and Francesa Medda. 2020. "The evolution of pricing performance of green municipal bonds." Journal of Sustainable Finance & Investment 10 (1): 44-65.
Silver, Nick. 2017. Finance, Society and Sustainability: How to make the Financial System Work for the Economy, People and Planet. London: Palgrave Macmillan.
Green Bond Pricing Research
We have been conducting pricing research since 2017. Find our first published findings below and subsequent pricing research under our reports tab.
Harrison, Caroline. 2017. "Green Bond Pricing in the Primary Market: Jan/2016 - March/2017." Climate Bonds Initiative and IFC.
Green Bond Market Participants Surveys
Almeida et al. 2019. "Green Bond European Investor Survey 2019." Climate Bonds Initiative.
See all Climate Bonds Initiative surveys here.
Climate Bonds Initiative Introductory and Historical Documents
Executive Summary (2009)
Climate Bonds Initiative - background and mission (2009)