This book aims to bridge climate risk and public-debt practice. It sets out how to design and execute green and sustainability-linked borrowing; build credible KPIs and targets; verify, report and assure; and deploy disaster or pause clauses where they add value. Moving beyond transactions, it links risk to budget tagging and PFM, and shows how swaps, guarantees and other state-contingent features rebalance sovereign and municipal balance sheets. Cases from advanced and emerging economies demonstrate issuance strategy, investor communication and audit-ready controls that align budgets, bonds and resilience.

Connects debt operations, disaster clauses, and climate risk budgeting Provides ready-to-use templates, KPI design, prospectus and term-sheet language, and verification pathways Studies sovereigns and municipalities, with pipeline design for EMDEs (Emerging Markets and Developing Economies)

Autorentext
Hajer Jarrar is an Associate Professor of Finance and Accounting with a PhD from IAE Grenoble. Dr. Jarrar research explores corporate governance, entrepreneurship, leadership, and gender diversity, with publications in ranked journals and editorial contributions. She teaches across finance and management curricula and engages with Excelia's research centre CERIIM.

Virginie Hachard is an Associate Professor of Finance at EM Normandie andHead of Law, Finance & Control Department with a long-standing role in teaching and academic leadership. Dr. Hachard profile notes extensive experience at the school and involvement in faculty development. She contributes to finance education across campuses.

Charbel Salloum is a Professor of Finance and Academic Director (M2 Finance and M2/MSc in ESG and Sustainable Finance) whose research covers sustainable finance, corporate governance, entrepreneurship, and leadership. Dr. Salloum combines academic leadership with consulting for organisations in Europe and the Middle East. His publication record and citations reflect broad engagement with governance and sustainability topics.

Matteo Rossi is an Associate Professor of Corporate Finance whose work spans corporate finance, corporate governance, innovation, and SME valuation. Dr. Rossi serves as Editor-in-Chief of the International Journal of Managerial and Financial Accounting and section editor for finance at Global Business and Economics Review . His recent publications and roles focus on financing innovation and entrepreneurial ecosystems.

Pascal Nguyen is a Professor of Finance at the University of Montpellier, where he is in charge of the Master's program in finance & green finance and head of the finance research group. Dr. Nguyen is also an associate editor of Business Research Quarterly. Before taking up his current position, Pascal was Dean for Faculty and Research at ESDES (Lyon Catholic University), Professor at NEOMA Business School, and Senior Lecturer and Director of the Honours program at UTS (Sydney). His research focuses on CEO and board characteristics, ownership structures, and corporate social responsibility. His most recent works have appeared in the Journal of Accounting and Public Policy, European Financial Management, Energy Economics, and Journal of Business Research.

Inhalt

Chapter 1. Climate Risk and the Sovereign Balance Sheet: Integrating Exposure, Contingent Liabilities, and Debt Strategy.- Chapter 2. From Nations to Firms: How Sovereign ESG Shapes Corporate Financing Decisions.- Chapter 3. Green and Sustainability-Linked Bonds for Sovereigns and Cities.- Chapter 4. Budget Tagging and Climate-Informed Public Financial Management.- Chapter 5. Disaster and State-Contingent Clauses: Triggers, pricing, documentation.- Chapter 6. Liability Management, Swaps, and Guarantees.- Chapter 7. Sub-Sovereign Issuance: PPPs (Public-Private Partnership), pipelines, and credit enhancement.- Chapter 8. HR and Governance in Debt Offices: Capabilities and Operating Models.- Chapter 9. Risk and Data: Physical/transition risk in fiscal scenarios and MTFF/MTEF (Medium-Term Expenditure Framework / Medium-Term Fiscal Framework).- Chapter 10. Oversight and Assurance in Sovereign Sustainable Finance: SAIs, Internal Audit, and Performance Budgeting.