In traditional bond markets, sovereign bonds provide benchmarks and serve as catalysts for the corporate bond market development. Contrary to the usual sequence of bond market development, sovereign issuers are latecomers to sustainable bond markets. Yet, our empirical study finds that sovereign...

In the context of the rapidly growing demand for green investments and the need to combat climate change, this study contributes to the emerging literature on green investments by exploring the time-frequency connectedness between green bonds (GBs) and green equities. Specifically, we examine...

As of 1 August 2024, the Commission has issued EUR 60.2 billion of NGEU Green Bonds. NGEU Green Bond issuances are underpinned by the NGEU Green Bond Framework, which is aligned with the Green Bond Principles of the International Capital Market Association (ICMA). This document constitutes the...