亚开行-气候法与绿色金融：法律承诺的价值（英）-2025.12-39页.pdfVIP

CLIMATELAWS

ANDGREENFINANCE

THEVALUEOFLEGALCOMMITMENT

GabrieleCiminelli,FilippoMariaD’Arcangelo,MauroPisu,andShuTian

NO.830ADBECONOMICS

December2025WORKINGPAPERSERIES

ASIANDEVELOPMENTBANK

ADBEconomicsWorkingPaperSeries

ClimateLawsandGreenFinance:

TheValueofLegalCommitment

GabrieleCiminelli,FilippoMariaD’Arcangelo,GabrieleCiminelli(gciminelli@)isan

MauroPisu,andShuTianeconomistandShuTian(stian@)isa

principaleconomistattheEconomicResearch

No.830|December2025andDevelopmentImpactDepartment,Asian

DevelopmentBank.FilippoMariaD’Arcangelo

(filippomaria.darcangelo@)isaneconomist

andMauroPisu(mauro.pisu@)isa

TheADBEconomicsWorkingPaperSeriessenioreconomistattheEconomicsDepartment,

presentsresearchinprogresstoelicitcommentsOrganisationforEconomicCo-operationand

andencouragedebateondevelopmentissuesDevelopment.

inAsiaandthePacific.Theviewsexpressed

arethoseoftheauthorsanddonotnecessarily

reflecttheviewsandpoliciesofADBor

itsBoardofGovernorsorthegovernments

theyrepresent.

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