GREEN BONDS - INSTRUMENTS FOR SUPPORTING GREEN INVESTMENTS ON THE CAPITAL MARKET
The awareness of the challenges of climate change at the global level have recently determined new approaches from a social, economic and environmental point of view. The principles of sustainable development impose organizations to transition to strategies and business models that have a positive i...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2022-12-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | https://www.upet.ro/annals/economics/pdf/2022/p2/2).%20Dobre-Baron_Nitescu.pdf |
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| Summary: | The awareness of the challenges of climate change at the global level have recently determined new approaches from a social, economic and environmental point of view. The principles of sustainable development impose organizations to transition to strategies and business models that have a positive impact and that meet Environmental, Social, and Governance (ESG) objectives. But such a transition requires an investment effort that public money and traditional funding through bank lending alone cannot deliver. This is where the capital market comes in, and investors on that market are increasingly aware of the power they have in supporting green initiatives, and for this a new financial instrument was created, i.e., the green bond. In this paper, we will present the general principles and guidelines developed by different countries and international bodies from the moment of the first green bond issue until now, but also an analysis of dynamics and structure of this financial instrument's issue on the global capital market. |
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| ISSN: | 1582-5949 2247-8620 |