The cost of debt of renewable and non-renewable energy firms

نویسندگان

چکیده

The risks imminent to younger technologies and markets may hinder renewable energy firms’ access financing. This could curtail the investment needed for transformation of global sector. However, comprehensive analyses cost debt non-renewable firms are lacking. Here, we empirically analyse differences between costs developing producing firms. We use micro-level data on individual loans matched firm-level data. results suggest that might face a higher initially, when young immature. advantage emerges over time. also show lower in economies with more developed banking sector comparatively stringent environmental policies. perception Kempa et al. have used dataset decreased time below those firms, which saw an increase financing costs.

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ژورنال

عنوان ژورنال: Nature Energy

سال: 2021

ISSN: ['2058-7546']

DOI: https://doi.org/10.1038/s41560-020-00745-x