Naslov
Green bonds

Autori
Stella, Suljić Nikolaj ; Bojana, Olgić Draženović ; Denis, Buterin

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, prošireni sažetak, znanstveni

Izvornik
SUSTAINABLE BUSINESS MANAGEMENT AND DIGITAL TRANSFORMATION: CHALLENGES AND OPPORTUNITIES IN THE POST-COVID / Mihić, Marko ; Jednak, Sandra ; Savić, Gordan - Carlton : Fakultet organizacionih nauka Univerziteta u Beogradu, 2022, 146-148

ISBN
978-86-7680-411-5

Skup
18th International Symposium SymOrg 2022

Mjesto i datum
Beograd, Srbija, 11.06.2022. - 14.06.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
environment, Europe, regulation, capital market

Sažetak
Green bonds are relatively new financial tool issued for the purpose of financing environmentally friendly or socially responsible projects: renewables, water, energy efficiency, bioenergy, and low-carbon transport (Campiglio, 2016). According to Banga (2019), issuing of green bonds is important for investors and policy makers. The fundamental disadvantage of green bonds from the point of view of investors, is the underdevelopment of the market green bonds and accordingly lower liquidity (Maltais & Nykvist, 2020).The green bond market was created by the initiative of multilateral banks that encouraged market development to support the process of financing green and socially responsible projects. Climate Awareness Bond is the first green bond issued in 2007 from the European Investment Bank worth € 600 million. Next year, in 2008, the World Bank began selling green bonds by issuing $ 300 million (OECD, 2014). Green bonds come in six different forms as a:Corporate bond, Project bond, Asset-backed security (ABS), Supranational, sub- sovereign and agency (SSA) bond, Municipal bond, and financial sector bond. The objective of this paper is to highlight the characteristics, purpose of the issue and to display the presence of green bonds in the context of climate change that affect the financial sector as a systemic risk.The paper will highlight the prospects for the development of green bonds inthe world, with special emphasis on Europe. It will test the scientific hypothesis of this paper about the role of the state in the formation of the regulatory framework that is indispensable for the further development of the green bond market.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA