Event
https://www.esm.europa.eu/events/esm-unilu-lunch-seminar-professor-steven-ongena-university-zurich
"Too-big-to-strand? Bond versus bank financing in the transition to a low-carbon economy." Professor Steven Ongena What is the role market- and bank-based debt play in the climate transition process? We present evidence that bond markets price the risk that assets held by fossil fuel firms strand...