[39] Agence France Trésor (2021), Green OAT: Announcement of the Amount of Green Eligible Expenditures For 2021, https://www.aft.gouv.fr/en/publications/communiques-presse/20210125-green-oat-eligible-green-expenditure.
[37] Agence France Trésor (2021), Green OATs, https://www.aft.gouv.fr/en/green-oat.
[32] Alessi, L., E. Ossola and R. Panzica (2020), The Greenium matters: greenhouse gas emissions, environmental disclosures, and stock prices, Publications Office of the European Union, Luxembourg, https://doi.org/10.2760/49586.
[26] Australian Government (2021), Australia’s Long-term Emissions Reduction Plan, Commonwealth of Australia 2021, https://www.industry.gov.au/sites/default/files/October%202021/document/australias-long-term-emissions-reduction-plan.pdf.
[30] Capelle-Blancard, G. et al. (2019), “Sovereign bond yield spreads and sustainability: An empirical analysis of OECD countries”, Journal of Banking & Finance, Vol. 98, pp. 156-169, https://doi.org/10.1016/j.jbankfin.2018.11.011.
[9] CBI (2021), Sustainable Debt: GLobal State of the Market, https://www.climatebonds.net/files/reports/climate_bonds_initiative_sustainable_debt_global_state_of_the_market_2021.pdf.
[23] Cevik, S. and J. Jalles (2020), “Feeling the Heat: Climate Shocks and Credit Ratings” WP No. 2020/286, https://www.imf.org/en/Publications/WP/Issues/2020/12/18/Feeling-the-Heat-Climate-Shocks-and-Credit-Ratings-49945.
[28] Cevik, S. and J. Jalles (2020), This Changes Everything: Climate Shocks and Sovereign Bonds, p. 24, https://www.imf.org/en/Publications/WP/Issues/2020/06/05/This-Changes-Everything-Climate-Shocks-and-Sovereign-Bonds-49476.
[21] European Commission (2021), “Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions. Strategy for Financing the Transition to a Sustainable Economy”, COM(2021) 390 final, https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52021DC0390.
[27] European Commission (2021), Debt Sustainability Monitor 2020, Publications Office of the European Union, https://ec.europa.eu/info/sites/default/files/economy-finance/ip143_en.pdf.
[20] European Commission (2021), “Proposal for a Regulation of the European Parliament and of the Council on European green bonds”, COM/2021/391 final, https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52021PC0391.
[19] European Commission (2020), “Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088”, Official Journal, L 198, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32020R0852.
[18] European Commission (2018), Action Plan: Financing Sustainable Growth, https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52018DC0097&from=EN.
[25] FDF (2016), Report on the Long-Term Sustainability of Public Finances in Switzerland, Federal Department of Finance.
[10] Galema, R., A. Plantinga and B. Scholtens (2008), “The stocks at stake: Return and risk in socially responsible investment”, Journal of Banking & Finance, Vol. 32/12, pp. 2646-2654, https://doi.org/10.1016/j.jbankfin.2008.06.002.
[34] HM Treasury (2021), UK Government Green Financing, https://www.gov.uk/government/publications/uk-government-green-financing.
[13] ICMA (2022), Sustainable Finance, https://www.icmagroup.org/sustainable-finance/.
[14] ICMA (2021), Green Bond Principles, https://www.icmagroup.org/assets/documents/Sustainable-finance/2021-updates/Green-Bond-Principles-June-2021-140621.pdf.
[15] ICMA (2021), Social Bond Principles, https://www.icmagroup.org/assets/documents/Sustainable-finance/2021-updates/Social-Bond-Principles-June-2021-140621.pdf.
[16] ICMA (2021), Sustainability Bond Guidelines, https://www.icmagroup.org/assets/documents/Sustainable-finance/2021-updates/Sustainability-Bond-Guidelines-June-2021-140621.pdf.
[17] ICMA (2020), Sustainability-Linked Bond Principles, https://www.icmagroup.org/assets/documents/Regulatory/Green-Bonds/June-2020/Sustainability-Linked-Bond-Principles-June-2020-171120.pdf.
[40] IEA (2022), Oil Market Report - March 2022, IEA, Paris, https://www.iea.org/reports/oil-market-report-march-2022.
[33] IMF (2019), Global Financial Stability Report: Lower for Longer, https://www.imf.org/en/Publications/GFSR/Issues/2019/10/01/global-financial-stability-report-october-2019.
[6] Kahn, M. et al. (2019), “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis” NBER Working Paper No. 26167, https://doi.org/10.3386/w26167.
[29] Klusak, P. et al. (2021), “Rising temperatures, falling ratings: The effect of climate change on sovereign creditworthiness”, SSRN Electronic Journal, https://doi.org/10.2139/ssrn.3811958.
[5] OECD (2022), Climate Change and Corporate Governance, Corporate Governance, OECD Publishing, Paris, https://doi.org/10.1787/272d85c3-en.
[31] OECD (2022), OECD Sovereign Borrowing Outlook 2022, OECD Publishing, Paris, https://doi.org/10.1787/b2d85ea7-en.
[22] OECD (2021), Climate Change and Long-term Fiscal Sustainability, OECD Publishing, https://www.oecd.org/gov/budgeting/scoping-paper-on-fiscal-sustainability-and-climate-change.pdf.
[41] OECD (2021), Government at a Glance 2021, OECD Publishing, Paris, https://doi.org/10.1787/1c258f55-en.
[36] OECD (2021), Green Budget Tagging: Introductory Guidance & Principles, OECD Publishing, Paris, https://doi.org/10.1787/fe7bfcc4-en.
[12] OECD (2020), Developing Sustainable Finance Definitions and Taxonomies, Green Finance and Investment, OECD Publishing, Paris, https://doi.org/10.1787/134a2dbe-en.
[4] OECD (2020), OECD Green Budgeting Framework Highlights, http://www.oecd.org/environment/green-budgeting/OECD-Green-Budgeting-Framework-Highlights.pdf.
[2] OECD (2020), The 2020 OECD Ministerial Council Statement recognised the need for governments to focus on restarting hard-hit economies by boosting growth, income and employment while promoting cleaner, more inclusive and sustainable economies, http://www.oecd.org/coronavirus/policy-responses/a-debt-standstill-for-the-poorest-countries-how-much-is-at-stake-462eabd8/.
[7] OECD (2019), Social Impact Investment 2019: The Impact Imperative for Sustainable Development, OECD Publishing, Paris, https://doi.org/10.1787/9789264311299-en.
[38] OECD (2018), OECD Sovereign Borrowing Outlook 2018, OECD Publishing, Paris, https://doi.org/10.1787/sov_b_outlk-2018-en.
[24] UK Office for Budget Responsibility (2019), Fiscal risks report - July 2019, https://obr.uk//docs/dlm_uploads/Fiscalrisksreport2019.pdf.
[3] UN (2021), The Glasgow Climate Pact – Key Outcomes from COP26, https://ukcop26.org/wp-content/uploads/2021/11/COP26-Presidency-Outcomes-The-Climate-Pact.pdf.
[1] United Nations (2021), United Nation | Climate Action, https://www.un.org/en/climatechange/net-zero-coalition.
[11] Whelan, T. et al. (2021), ESG and Financial Performance: Uncovering the Relationship by Aggregating Evidence from 1,000 Plus Studies Published between 2015 – 2020, https://www.stern.nyu.edu/sites/default/files/assets/documents/NYU-RAM_ESG-Paper_2021.pdf (accessed on April 2022).
[8] World Bank (2020), Engaging with Investors on Environmental, Social, and Governance (ESG) Issues: A World Bank Guide for Sovereign Debt Managers, https://thedocs.worldbank.org/en/doc/375981604591250621-0340022020/original/WorldBankESGGuide2020FINAL.11.5.2020.pdf.
[35] World Bank (2019), Seychelles: Introducing the World’s First Sovereign Blue Bond - Mobilizing Private Sector Investment to Support the Ocean Economy, https://thedocs.worldbank.org/en/doc/242151559930961454-0340022019/original/CasestudyBlueBondSeychellesfinal6.7.2019.pdf.