The Green Bond Market and the Banking Sector

Beschreibung

This book provides a comprehensive and rigorous examination of the green bond market and its interaction with the banking sector. Over the past decade, green bonds have become a central instrument within sustainable finance. Despite their rapid growth, existing research remains fragmented across regulatory discussions, descriptive market analyses, and empirical pricing studies. Moreover, limited attention has been devoted to banks, even though they represent a major issuer category and occupy a structurally different role from corporate or sovereign issuers. The book first describes the institutional evolution of the green bond market, clarifying the role of market-based standards, reporting frameworks, and external review mechanisms. It then maps the market's structure, examining issuance trends, issuer composition, financial characteristics, and use-of-proceeds patterns. A dedicated chapter investigates the pricing of bank-issued green bonds, assessing whether environmental labelling is associated with measurable yield differentials within the banking sector. Finally, the analysis extends to the role of banks in sustainable finance, discussing green bond funding, sustainable lending, regulatory metrics such as the Green Asset Ratio, and climate-related supervisory frameworks. By combining regulatory analysis, bond-level evidence, and institutional perspective, the book shows how green bonds operate within capital markets and how banks engage with them. It will be of interest to scholars in banking and sustainable finance, graduate students in finance and economics, and practitioners and policymakers interested in green capital markets.

Danilo Abis is a Post-doctoral Fellow in Financial Markets and Institutions at the University of Turin, Italy. He holds a PhD in Business and Management (Financial Markets and Institutions track) and has been a Visiting PhD Researcher at Surrey Business School, University of Surrey (UK). His research focuses on banking, sustainable finance, and fintech, with particular emphasis on green bond markets, ESG dynamics within financial institutions, and broader developments in capital markets.

This book provides a comprehensive and rigorous examination of the green bond market and its interaction with the banking sector. It offers an integrated analysis of market practices, institutional standards and pricing dynamics, with particular attention to the distinctive role of banks as regulated financial intermediaries. Over the past decade, green bonds have become a central instrument within sustainable finance, supporting the financing of environmentally oriented projects and activities. Despite their rapid growth, existing research remains fragmented across regulatory discussions, descriptive market analyses, and empirical pricing studies. Moreover, limited attention has been devoted to the specific position of banks within this market, even though they represent a major issuer category and occupy a structurally different role compared to corporate or sovereign issuers. The book first describes the institutional evolution of the green bond market, clarifying the role of market-based standards, reporting frameworks, and external review mechanisms. It then provides a detailed empirical mapping of the market’s structure, examining issuance trends, issuer composition, financial characteristics, and use-of-proceeds patterns. A dedicated chapter investigates the pricing of bank-issued green bonds, assessing whether environmental labelling is associated with measurable yield differentials within the banking sector. Finally, the analysis extends to the broader role of banks in sustainable finance, discussing the interaction between green bond funding, sustainable lending, regulatory metrics such as the Green Asset Ratio, and climate-related supervisory frameworks. By combining regulatory analysis, bond-level evidence, and institutional perspective, the book offers a structured understanding of how green bonds operate within capital markets and how banks engage with sustainable finance instruments. This book will be of interest to scholars and researchers in banking and sustainable finance, graduate students in finance and economics, and practitioners and policymakers interested in the functioning and development of green capital markets.

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Danilo Abis

Themen in »The Green Bond Market and the Banking Sector«

Green bonds Sustainable finance ESG investing Financial regulation Banking Green bond markets Banking sector regulation Financial institutions as bond issuers Greenium pricing Bond-level empirical analysis ESG in banking EU Green Bond Standard Climate-related financial regulation Green Asset Ratio (GAR) Sustainable lending and green loans

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