较低的利率与公司的气候表现有关,而不是与低碳资产有关
Marie Fricaudet1, Sophia Parker2, Nadia Ameli3
1UCL Energy Institute, London, UK.
Cell reports sustainability
|September 9, 2024
概括
银行开始考虑船东在"巴黎协定"后的气候评分,而不是个别船舶的碳强度. 这表明自愿披露举措可能无法完全推动航运融资的绿色投资.
科学领域:
- 环境金融环境金融
- 可持续的银行业务
- 海洋经济学 海洋经济学
背景情况:
- 由于低碳转型,金融机构面临与气候有关的金融风险.
- 这些风险在贷款实践中的整合,特别是在航运贷款等长期融资中,尚不清楚.
- 自愿披露举措对影响投资决策的有效性需要审查.
研究的目的:
- 调查贷款人,特别是航运行业的贷款人,是否将与气候有关的金融风险纳入他们的贷款实践.
- 评估"巴黎协定"和诸如"波塞顿原则"之类的自愿倡议对银行贷款行为的影响.
- 分析气候评分定价的基础以及它是否影响资产级投资.
主要方法:
- 一种混合方法的方法,将定量数据分析与半结构面试相结合.
- 案例研究侧重于航运贷款和债务提供商.
- 分析贷款实践,包括保证金差异化和气候评分结合的基础 (企业与资产).
主要成果:
- 银行,尤其是波塞顿原则签署国,已经开始在"巴黎协定"后对船东的气候评分进行定价.
- 气候风险是以企业层面的价格来定价的,而不是以关于碳强度的资产逐个资产为基础.
- 贷款利率并没有根据船舶的碳强度进行区分,尽管贷款期限很长.
结论:
- 虽然银行承认气候评分,但它们目前的贷款实践主要集中在企业级评估上.
- 自愿披露倡议显示,直接影响与船舶碳强度相关的资产级投资决策的局限性.
- 可能需要进一步的机制,以确保金融工具充分解决和激励资产层面的脱碳.
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