Is the green transition at risk? Investigating the effects of the pandemic on Green Bank Lending

  • Isabella Caroline Wladis (Student)

Student thesis: Master's Thesis

Abstract

This thesis aims to analyze the relationship between bank lending and carbon dioxide (CO2)intensity and its implication on green bank lending. It also attempts to examine whether the COVID-19 pandemic has affected lending to low-carbon industries in any scope. Using bank by-bank data from 23 countries, 89 banks, and 19 industries in Europe for 2019 and 2020 Iexplore the interconnection between volume of loans and carbon intensity with a panel model regression setup. The analysis shows that lending outcomes are related to carbon risk in general. In addition, the pandemic has not affected lending to less-polluting industries.
Date of Award26 Jan 2023
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorDiana Bonfim (Supervisor) & Isabel Correia (Co-Supervisor)

Keywords

  • Carbon risk
  • Transition risk
  • COVID-19
  • Green banking
  • Climate finance

Designation

  • Mestrado em Economia

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