The Financing of Local Authorities by Green Bonds: What Prospects? The Case of the French Regions

Corinne GOURMEL-ROUGER Maître de conférences en gestion, IAE de l’université de Bordeaux. Contact : cgourmel@hotmail.com.

This paper investigates green bonds, an innovative financing scheme implemented by local authorities. Based on the conceptual framework of financial intermediation theories, the objective of this research is to understand the foundations of this financing method and to identify the related control mechanisms. It is grounded on empirical qualitative research work conducted within the French Regions.