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The Potential of Green Bond Markets as Drivers of Change

Author

Listed:
  • Andra-Nicoleta Mecu
  • Florentina ChiÈ›u
  • Gheorghe Hurduzeu

Abstract

The risks derived from climate change and the social inequalities of the economic model en-danger the continuity of society as we know it. The investment community is developing financial products in order to channel the environ-mental and social transition process, with green bonds and social bonds being key instruments to facilitate the change of model. In just a few years, investments made in assets that respect environmental sustainability, social responsibility and good management practices have in-creased from 12% to 42% of total investments made by investors around the world. The current paper it is intended to discuss the regulation and evolution of green bonds since its inception in 2007, globally and nationally, focusing on the principles of implementation, benefits and role of the COVID-19 pandemic in issuing green bonds.

Suggested Citation

  • Andra-Nicoleta Mecu & Florentina ChiÈ›u & Gheorghe Hurduzeu, 2021. "The Potential of Green Bond Markets as Drivers of Change," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(82), pages 67-79, December,.
    • Handle: RePEc:rej:journl:v:24:y:2021:i:82:p:67-79
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    References listed on IDEAS

    as
    1. Agata Rzekęć & Celine Vial & Geneviève Bigot, 2020. "Green assets of equines in the european context of the ecological transition of agriculture," Post-Print hal-02437660, HAL.
    2. John A Mathews & Sean Kidney, 2012. "Financing climate-friendly energy development through bonds," Development Southern Africa, Taylor & Francis Journals, vol. 29(2), pages 337-349, June.
    3. Papadis, Elisa & Tsatsaronis, George, 2020. "Challenges in the decarbonization of the energy sector," Energy, Elsevier, vol. 205(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    climate change; Green Bonds; sustainability;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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