Green and ESG Derivatives: Financial Innovation in the Global Fight Against Climate Change

Journal article

Ciro, Antonio, Leshinsky, Rebecca and Mariappanadar, Sugumar. (2024). Green and ESG Derivatives: Financial Innovation in the Global Fight Against Climate Change. Journal of International Banking Law and Regulation. 39(1), pp. 1-13.
AuthorsCiro, Antonio, Leshinsky, Rebecca and Mariappanadar, Sugumar
Abstract

Financial markets have always been at the forefront of financing innovation. Green and Environmental, Social and Governance (ESG) derivatives provide a unique opportunity for financial markets to lead in the global fight against climate change. Sustainable-linked derivatives (SLDs) or green derivatives can be used by market participants and financial intermediariesto assess and price the financial risk of climate change. Moreover, green derivatives can be used by end-users to hedge climate change risks and minimise exposure to climate driven events. Derivatives markets and financial products can be at the forefront of incentivising and promoting opportunities for green friendly projects, that aim to reduce overall greenhouse gas emissions and become a potent weapon in the global fight against climate change.

KeywordsClimate change; Derivatives; Environmental social governance; Socially responsible investment; Sustainability
Year01 Jan 2024
JournalJournal of International Banking Law and Regulation
Journal citation39 (1), pp. 1-13
PublisherThomson Reuters (Sweet and Maxwell) (UK)
ISSN1742-6812
Open accessPublished as non-open access
Research or scholarlyResearch
Page range1-13
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All rights reserved
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Controlled
Output statusPublished
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PrintJan 2024
Publication process dates
AcceptedJan 2024
Deposited20 Jan 2025
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© 2023 Thomson Reuters and Contributors.

Place of publicationUnited Kingdom
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