Peer-reviewed articles 17,970 +


Title: GREEN BONDS AS A LONG-TERM SOURCE OF FINANCE FOR RENEWABLE ENERGY INVESTMENTS
GREEN BONDS AS A LONG-TERM SOURCE OF FINANCE FOR RENEWABLE ENERGY INVESTMENTS

PlumX Article Metrics by Elsevier
Meltem Gurunlu
10.5593/sgem2023V/4.2/s17.53
10.5593/sgem2023v/4.2
1314-2704
978-619-7603-65-1
English
23
4.2
•    Prof. DSc. Oleksandr Trofymchuk, UKRAINE 
•    Prof. Dr. hab. oec. Baiba Rivza, LATVIA
Modern Energy and Power Sources
In a context where clean energy has become almost an imperative, investments in renewable energy projects play an important role for achieving the sustainability of scarce resources needed for the well-being of future generations. Driven by the fact of climate change and the very need for reduction of carbon dioxide emissions all around the world, renewable energy economy has expanded with increasing participation of investors and new types of innovative financial techniques. One of the most striking innovative financial techniques is green bonds, started with the issuance of the “climate awareness bond” by the European Investment Bank in 2007. International Capital Market Association’s (ICMA) publication of the Green Bond Principles (GBPs) in 2014, further motivated the expansion of the green bond market. Green bonds, are fixed-income securities which are issued to finance exclusively positive impact generating projects related to environment and climate change. In this study, it is aimed to investigate the development of global green bond markets with their related advantages, disadvantages, and policy implications. A green policy proposal will be made for enhancing the financing of renewable energy projects.
[1] World Economic Forum, The Ways and Means to Unlock Private Finance for Green Growth, Green Investment Report, 2013, pp:1-38, Available: http://reports.weforum.org/green-investing-2013/required-infrastructure-needs/ (Accessed 03.12.11.2023).
[2] World Economic Forum, Fostering Effective Energy Transition, Insight report, 2023, pp:3-66, Available:https://www.weforum.org/publications/fostering-effectiveenergy-transition-2023/ (Accessed 03.12.2023).
[3] United Nations Environment Programme, Emission Gas Report, 2021, Available: https://www.unep.org/resources/emissions-gap-report-2021 (Accessed 01.10.2023).
[4] International Capital Markets Association (ICMA), Green Bond Principles: Voluntary Process Guidelines for Issuing Green Bonds, 2021, pp:1-9, Available: https://www.ifc.org/content/dam/ifc/doclink/2022/the-green-bond-principles- 202206.pdf (Accessed 01.09.2023).
[5] Organization for Economic Cooperation and Development (OECD), Green bonds: Mobilising the Debt Capital Markets for a Low-carbon Transition, Policy Perspectives Report,2017,Available:https://www.oecd.org/environment/cc/Green%20bonds%20PP% 20%5Bf3%5D%20%5Blr%5D.pdf (Accessed 03.12.2023).
[6] Morgan Stanley Capital Investments (MSCI), Global Green Bond Index, 2023 Available:www.msci.com/documents/10199/242721/Barclays_MSCI_Green_Bond_Ind ex.pdf/6e4d942a-0ce4-4e70-9aff-d7643e1bde96 (Accessed 02.12.2023).
[7] The World Bank Green Bond Process Implementation Guidelines, 2017, Available: https://pubdocs.worldbank.org/en/217301525116707964/Green-Bond-ImplementationGuidelines.pdf (Accessed 03.12.2023)
[8] Gardiner, J., Green bonds boom in the first half of the 2023, Bloomberg, Available: https://www.bloomberg.com/professional/blog/green-bonds-boom-in-first-half-of-2023/ (Accessed 03.12.2023)
[9]Statista, Green Bonds Issued Worldwide, 2023, Available: https://www.statista.com/statistics/1289406/green-bonds-issued-worldwide/ ,(Accessed 03.12.2023).
[10] Climate Bond Initiative (CBI), Use of Green Bond Proceeds, 2023, Available: https://www.climatebonds.net/market/data/#use-of-proceeds-charts (Accessed 02.12.2023).
[11] Statista, Green Bonds Issued Worldwide by countries, 2023, Available: https://www.statista.com/statistics/1284029/green-bonds-issued-worldwide-bycountry/#:~:text=Between%202014%20and%202022%2C%20The,value%20was%20th e%20fifth%20highest (Accessed 02.12.2023).
[12] Statista, Value of Green Bonds Issued Worldwide by Region, 2023, Available: https://www.statista.com/statistics/1294449/value-of-green-bonds-issued-worldwideby-region/(Accessed 01.12.2023).
[13] World Bank, Green, Social, and Sustainability (GSS) Bonds Market Update, Report,2023Available:https://thedocs.worldbank.org/en/doc/98c3baab0ea4fc3da4de0e5 28a5c0bed-0340012023/original/GSS-Quarterly-Newsletter-Issue-No-2.pdf (Accessed 03.12.2023).
[14] Standard & Poor Global Ratings, Global Sustainable Bonds 2023 Issuance to Exceed 900 billion, 2023, Available: www.spglobal.com/esg/insights/featured/specialeditorial/global-sustainable-bonds-2023-issuance-to-exceed-900- billion#:~:text=Despite%20stagnating%20global%20bond%20issuance,of%20total%20 issuance%2C%20in%202023. (Accessed 03.12.2023).
[15] Mutlucan, O.,Green Bonds: Can Green Bonds be an Alternative to Regular Bonds?, Published Thesis, Sorbonne University Press, France, 2017, pp:26-27
conference
https://doi.org/10.5593/sgem2023V/4.2/s17.53
Download PDF
Proceedings of 23rd International Multidisciplinary Scientific GeoConference SGEM 2023
23rd International Multidisciplinary Scientific GeoConference SGEM 2023, 28-30 November, 2023
Proceedings Paper
STEF92 Technology
International Multidisciplinary Scientific GeoConference-SGEM
SWS Scholarly Society; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci and Arts; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; European Acad Sci, Arts and Letters; Acad Fine Arts Zagreb Croatia; Croatian Acad Sci and Arts; Acad Sci Moldova; Montenegrin Acad Sci and Arts; Georgian Acad Sci; Acad Fine Arts and Design Bratislava; Russian Acad Arts; Turkish Acad Sci.
447-454
28-30 November, 2023
website
9479
Renewable energy investments, green bonds, sustainable finance, renewable energy finance, corporate finance

24th SGEM International Conference on Earth & Planetary Sciences


International GeoConference SGEM2024
28 June - 8 July, 2024 / Albena, Bulgaria

Read More		   

SGEM Vienna GREEN "Green Science for Green Life"


Extended Scientific Sessions SGEM Vienna GREEN
25 - 29 November, 2024 / Vienna, Austria

Read More
   

A scientific platform for Art-Inspired Scientists!


The Magical World Where Science meets Art
Vienna, Austria

Read More