Quantifying the potential impact of a green supporting factor or brown penalty on European banks and lending

Author:Jakob Thomä, Kyra Gibhardt
Position:2° Investing Initiative, Berlin, Germany and University of London, London, UK
Pages:380-394
SUMMARY

Purpose The European Parliament and Commission are considering introducing a green supporting factor (GSF) or brown penalty (BP) for capital reserve requirements. This paper aims to estimate the potential impact such a policy intervention may have on both capital reserves of European banks and the cost and availability of capital to “green” and “brown” investments. Design/methodology/a... (see full summary)


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