Determinants of the Green Bond Premium: A Systematic Analysis

DOI

10.2991/978-94-6239-801-6_94How to use a DOI?

Keywords

Green Bond; Green Premium; Green Finance

Abstract

At the same time, the United Nations and the Paris Agreement were adopted in 2015, and thus the green bond market has also expanded. However, its advantage in financing costs and the green premium have been relatively unstable across markets and over time. Systematically review the literature on green premium published from 2020 to 2026 in this paper. Semantic Synthesis will be employed to integrate all relevant materials that can be found in the following three areas: occurrence, underlying reasons, and geographical variations. According to the above analysis, the size and statistical significance of the green premium are affected by various factors such as the time, area of the market and other issues. Third-party verification and data releases are relatively strong stimuli, but they are only effective in the presence of strong regulation and punishment. The lack of a strong “greenium” in China is due to implicit government guarantees and greenwashing in the voluntary certification system. Given the above conditions, this paper believes that the green premium is driven by the joint action of certification credibility, policy intervention strength and investor trust. Based on the above studies, a joint certification system for green bonds and enhanced regular disclosures will need to be introduced at the policy level.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xianyang Wei
PY  - 2026
DA  - 2026/10/23
TI  - Determinants of the Green Bond Premium: A Systematic Analysis
BT  - Proceedings of the 2026 2nd International Conference on Financial Innovation and Marketing Management (FIMM 2026)
PB  - Atlantis Press
SP  - 898
EP  - 905
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-801-6_94
DO  - 10.2991/978-94-6239-801-6_94
ID  - Wei2026
ER  -