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

Abstract We investigate the asset pricing implications of greenness bonds. To estimate a green-pricing effect, we determine ‘green bond premium’ as difference between yields matched conventional and green-labeled On cross-sectional average, green bonds experience statistically significant positive premium. This premium increases with external evaluations, i.e., investors accept premiums up to 5...

a r t i c l e i n f o Keywords: Sustainability Jugaad Green marketing Frugal engineering New product development While academic debates and practical approaches to green marketing have matured over the past few decades , one central conundrum that has remained unresolved has been the trade-off between the higher prices of green products and the objectives of environmental sustainability. In gen...

The Energy Star program is the most prominent energy efficiency policy in the United States. Using data on residential clothes washers, we examine the price premium for the Energy Star label. A standard hedonic analysis reveals a number of confounding factors, including a large price premium for front loading washers. A regression discontinuity design reveals no significant price premium. Addit...

this paper classifies green envelopes as green roofs and green walls according to effective factors, which were derived from literature to compare the green envelopes’ thermal and energy performance in a more effective way. for this purpose, an extensive literature review was carried out by searching keywords in databases and studying related journal papers and articles. the research method for...

The sale of “green power” (electricity generated using renewable energy sources such as wind, solar or geothermal power) to non-residential customers at a premium is one of several market-based approaches for supporting renewables. Why would profit-maximizing firms or budget-conscious institutions be willing to increase their own costs so as to provide environmental improvements which benefit e...

Energy security is of increasing importance in today’s world, yet little research has been carried out on the costs or benefits of energy security policies. This paper looks at the period after the 1970s to estimate the cost premium of electricity generation due to energy security policies. The cost premium is estimated for France, Germany, Italy and Spain for the period 1980-2000 by estimating...

Purpose Earlier research indicates that brand choices may display different identity signals, such as altruism and benevolence for green brands or high status exclusiveness premium brands. This adds to the literature by exploring how opting (vs premium) leads consumers feel authentic hubristic) pride. Design/methodology/approach Three experimental studies were conducted test hypotheses related ...

More than 10 years have passed since studies on green buildings gained attention in the academic and industrial literature. Many report economic value of buildings, mainly U.S. European markets. An empirical clarification dynamics premiums has significant implications for future urban sustainability. This study constructed a dataset Tokyo office rents from 2009 to 2019. We estimated rental prem...