{"title":"A Decade of Green Bond Markets in Emerging Economies","authors":"","doi":"10.5755/j01.erem.79.1.33794","DOIUrl":null,"url":null,"abstract":"Green finance has been one of the trending keywords in Google trends in the recent years. Though it is not a buzzword for developed economies per se, it is for emerging markets. The goal of green finance is to provide funding for sustainable development projects. Green bonds (GB) are one of the green finance instruments and are issued to fixed-income seeking investors, and the funds collected through these are invested in green projects. Traditionally, firms in emerging economies (EE) have remained skewed towards bank loans as debt in the capital structure. It is important to highlight here that bank loans as debt were not always by their choice but by compulsion, also because other avenues of debt like bond markets in EEs are not well developed and are thinly traded. It is well known that bond markets are a better source of debt funding than other debt sources from the cost of funding and loan-concentration risk perspectives","PeriodicalId":11703,"journal":{"name":"Environmental Research, Engineering and Management","volume":"78 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environmental Research, Engineering and Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5755/j01.erem.79.1.33794","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Environmental Science","Score":null,"Total":0}
引用次数: 0
Abstract
Green finance has been one of the trending keywords in Google trends in the recent years. Though it is not a buzzword for developed economies per se, it is for emerging markets. The goal of green finance is to provide funding for sustainable development projects. Green bonds (GB) are one of the green finance instruments and are issued to fixed-income seeking investors, and the funds collected through these are invested in green projects. Traditionally, firms in emerging economies (EE) have remained skewed towards bank loans as debt in the capital structure. It is important to highlight here that bank loans as debt were not always by their choice but by compulsion, also because other avenues of debt like bond markets in EEs are not well developed and are thinly traded. It is well known that bond markets are a better source of debt funding than other debt sources from the cost of funding and loan-concentration risk perspectives
期刊介绍：
First published in 1995, the journal Environmental Research, Engineering and Management (EREM) is an international multidisciplinary journal designed to serve as a roadmap for understanding complex issues and debates of sustainable development. EREM publishes peer-reviewed scientific papers which cover research in the fields of environmental science, engineering (pollution prevention, resource efficiency), management, energy (renewables), agricultural and biological sciences, and social sciences. EREM’s topics of interest include, but are not limited to, the following: environmental research, ecological monitoring, and climate change; environmental pollution – impact assessment, mitigation, and prevention; environmental engineering, sustainable production, and eco innovations; environmental management, strategy, standards, social responsibility; environmental economics, policy, and law; sustainable consumption and education.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
