IDEAS home Printed from https://ideas.repec.org/a/rej/journl/v24y2021i82p67-79.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2021-12-21/3679/6ymecu.pdf
    Download Restriction: no
    ---><---

    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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arsani Alina & Stefan George, 2024. "Energy Transition and European Sub-Models. Restructuring EU Economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 86-101.
    2. Al-Jabri, Hareb & Das, Probir & Khan, Shoyeb & AbdulQuadir, Mohammad & Thaher, Mehmoud Ibrahim & Hoekman, Kent & Hawari, Alaa H., 2022. "A comparison of bio-crude oil production from five marine microalgae – Using life cycle analysis," Energy, Elsevier, vol. 251(C).
    3. Łukasz Jarosław Kozar & Robert Matusiak & Marta Paduszyńska & Adam Sulich, 2022. "Green Jobs in the EU Renewable Energy Sector: Quantile Regression Approach," Energies, MDPI, vol. 15(18), pages 1-21, September.
    4. Jānis Krūmiņš & Māris Kļaviņš, 2023. "Investigating the Potential of Nuclear Energy in Achieving a Carbon-Free Energy Future," Energies, MDPI, vol. 16(9), pages 1-31, April.
    5. Verdone, Alessio & Scardapane, Simone & Panella, Massimo, 2024. "Explainable Spatio-Temporal Graph Neural Networks for multi-site photovoltaic energy production," Applied Energy, Elsevier, vol. 353(PB).
    6. Cagli, Efe Caglar, 2023. "The volatility spillover between battery metals and future mobility stocks: Evidence from the time-varying frequency connectedness approach," Resources Policy, Elsevier, vol. 86(PA).
    7. Abdul-Salam, Yakubu & Kemp, Alex & Phimister, Euan, 2022. "Energy transition in the UKCS – Modelling the effects of carbon emission charges on upstream petroleum operations," Energy Economics, Elsevier, vol. 108(C).
    8. N. Thangaiyarkarasi & S. Vanitha, 2021. "The Impact of Financial Development on Decarbonization Factors of Carbon Emissions: A Global Perspective," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 353-364.
    9. Tinta, Abdoulganiour Almame, 2023. "Energy substitution in Africa: Cross-regional differentiation effects," Energy, Elsevier, vol. 263(PA).
    10. Martina Ricci & Marcello Benvenuto & Stefano Gino Mosele & Roberto Pacciani & Michele Marconcini, 2022. "Predicting the Impact of Compressor Flexibility Improvements on Heavy-Duty Gas Turbines for Minimum and Base Load Conditions," Energies, MDPI, vol. 15(20), pages 1-14, October.
    11. Indre Siksnelyte-Butkiene & Dalia Streimikiene, 2022. "Sustainable Development of Road Transport in the EU: Multi-Criteria Analysis of Countries’ Achievements," Energies, MDPI, vol. 15(21), pages 1-25, November.
    12. Zehtabiyan-Rezaie, Navid & Abkar, Mahdi, 2024. "An extended k−ɛ model for wake-flow simulation of wind farms," Renewable Energy, Elsevier, vol. 222(C).
    13. Santa Margarida Santos & Ana Carolina Assis & Leandro Gomes & Catarina Nobre & Paulo Brito, 2022. "Waste Gasification Technologies: A Brief Overview," Waste, MDPI, vol. 1(1), pages 1-26, December.
    14. Shahryar Jafarinejad & Lauren E. Beckingham & Mandar Kathe & Kathy Henderson, 2021. "The Renewable Energy (RE) Industry Workforce Needs: RE Simulation and Analysis Tools Teaching as an Effective Way to Enhance Undergraduate Engineering Students’ Learning," Sustainability, MDPI, vol. 13(21), pages 1-16, October.
    15. Wang, Yan & Yang, Tianxiao & Liu, Zhaomin & Chi, Zhong & Lu, Lili, 2024. "Combining natural resources to drive technology and efficiency for a greener economic recovery," Resources Policy, Elsevier, vol. 89(C).
    16. Eichhorn Colombo, Konrad W., 2023. "Financial resilience analysis of floating production, storage and offloading plant operated in Norwegian Arctic region: Case study using inter-/transdisciplinary system dynamics modeling and simulatio," Energy, Elsevier, vol. 268(C).
    17. Aljundi, K. & Figueiredo, A. & Vieira, A. & Lapa, J. & Cardoso, R., 2024. "Geothermal energy system application: From basic standard performance to sustainability reflection," Renewable Energy, Elsevier, vol. 220(C).
    18. Ferla, G. & Caputo, P., 2022. "Biomass district heating system in Italy: A comprehensive model-based method for the assessment of energy, economic and environmental performance," Energy, Elsevier, vol. 244(PB).
    19. Marta Daroń & Marlena Wilk, 2021. "Management of Energy Sources and the Development Potential in the Energy Production Sector—A Comparison of EU Countries," Energies, MDPI, vol. 14(3), pages 1-12, January.
    20. Alina Ilinova & Natalia Romasheva & Alexey Cherepovitsyn, 2021. "CC(U)S Initiatives: Public Effects and “Combined Value” Performance," Resources, MDPI, vol. 10(6), pages 1-20, June.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rej:journl:v:24:y:2021:i:82:p:67-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radu Lupu (email available below). General contact details of provider: https://edirc.repec.org/data/frasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.