Current Issue
Beatrix Steiner, Ákos Tóth-Pajor
This study aims to examine the potential contribution of ESG-related derivatives to the green transition of capital markets. We conducted a systematic literature review using the Scopus database, complemented by keyword and co-occurrence analysis with VOSviewer, to map the theoretical structures of sustainable and green finance and to identify key areas where ESG-related derivatives can play a pivotal role. Our findings suggest that these instruments can support the green transition by promoting green and financial innovation, mitigating risks associated with natural resources and renewable energy transition, and facilitating green investments and emissions trading. As policymakers revisit the role of derivatives in sustainability reporting for financial market participants, the importance of ESG-related derivative markets is expected to grow significantly in the near future.
Kulcsszavak: Sustainability, sustainable finance, green finance, capital markets, ESG-related derivatives
The working paper series published by the Faculty of Business and Economics, University of Pécs was established to flexibly document and make available and shareable the primary results of research activity of the Faculty. The series publish preprints in the first place that take the form of complete studies without peer review, buti t is also open to works of more technical nature which may serve as supplementary or background material for further works due to their volume or style.
