Economics, Econometrics and Finance
5 years ago

Green municipal bonds outperform, paving the way for sustainable urban infrastructure.

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Doctoral thesis, UCL (University College London).
Green Municipal Bonds and the Financing of Green Infrastructure in the United States
Candace Partridge

Paper Summary

Green municipal bonds in the US can help fund sustainable infrastructure, but are underutilized due to concerns about cost and risk. By comparing the performance of green bonds to regular municipal bonds, it was found that green bonds perform similarly or better. An index of green municipal bonds outperformed a standard index from 2014-2017, and there is a noticeable premium in the secondary market. This suggests that investing in green municipal bonds can attract more capital for eco-friendly projects in American cities.

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