Is there a green premium in the green bond market? Systematic literature review revealing premium determinants
The green bond market is emerging as an impactful financing mechanism in climate change mitigation efforts. Studies investigating this market have revealed the notion of a ‘green premium’ or ‘greenium’ within green bond pricing, including insights into influential characteristics and drivers that govern it. However, methodological heterogeneity among these studies has resulted in general ambiguity regarding a consensus over the existence of the green premium.