Universität zu Köln

Sobiech, Anna L. ORCID: 0000-0002-3491-7664 and Uchida, Hirofumi (2025). Characteristics of green loan users and the green policy mix. Energy Economics, 143. pp. 1-17. Elsevier. ISSN 0140-9883

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Abstract

[Artikel-Nr. 108256] We analyse the usage of government-sponsored green loans under a feed-in-tariffs scheme and document a positive link with borrower financial health. Green loan users have better credit ratings, higher sales growth, and lower leverage. The link remains stable in face of significantly changing conditions for green investments and heightened policy uncertainty. Green loan users exhibit better ex-post performance and lower default proba- bility. Results are in line with the notion that the screening undertaken by the lender matters for efficient green loan provision and highlight the important role of public loan programs in the green policy mix.

Item Type:	Article
Creators:	Creators Email ORCID ORCID Put Code Sobiech, Anna L. UNSPECIFIED https://orcid.org/0000-0002-3491-7664 UNSPECIFIED Uchida, Hirofumi UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-793994
Identification Number:	10.1016/j.eneco.2025.108256
Journal or Publication Title:	Energy Economics
Volume:	143
Page Range:	pp. 1-17
Number of Pages:	1
Date:	March 2025
Publisher:	Elsevier
ISSN:	0140-9883
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Unspecified
Subjects:	Economics
['eprint_fieldname_oa_funders' not defined]:	Publikationsfonds UzK
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/79399