The pricing of Green infrastructure

2022tue04oct9:00 amtue10:00 am9:00 am - 10:00 am(GMT+01:00) View in my timeThe pricing of Green infrastructureThe realised and expected financial performance of green power infrastructure investment


(Tuesday) 9:00 am - 10:00 am(GMT+01:00) View in my time

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In a new paper, we show that there is empirical evidence of historical outperformance of green infrastructure investments (defined narrowly as wind and solar power projects). We then consider whether this finding implies continued future outperformance. In line with the literature, we argue that more sustainable infrastructure investments should in fine have lower expected returns than less sustainable ones, but that the recent shift in investor preferences in favour of greener power investments temporarily created excess demand, explaining realised performance during the past decade.



Frederic Blanc-Brude