IDEAS home Printed from https://ideas.repec.org/a/sae/enejou/v44y2023i5p45-66.html
   My bibliography  Save this article

Green Bonds for Renewable Energy in Latin America and the Caribbean

Author

Listed:
  • Juan David González-Ruiz
  • Juan Camilo Mejía-Escobar
  • Javier Rojo-Suárez
  • Ana-Belén Alonso-Conde

Abstract

This paper comprehensively analyzes the overall status of the green bond market in Latin America and the Caribbean (LAC) for the renewable energy sector. Our results show that, in most cases, issuers are non-financial corporations. Also, despite LAC’s low perception of transparency, 78% of the volume issued has been externally reviewed. In general terms, the barriers imposed on issuance by local governments, mainly municipal debt ceiling, low credit rating and solvency, limited capabilities to prepare bankable projects, and lack of communication channels between the financial sector and local governments, constrain the green bond market in LAC. Furthermore, although the presence of development institutions that promote the issuance of green bonds in the renewable sector has improved in recent years, it is mandatory to continue making progress in this area. For that purpose, closer cooperation and alliances are essential to share responsibilities and knowledge in LAC.

Suggested Citation

  • Juan David González-Ruiz & Juan Camilo Mejía-Escobar & Javier Rojo-Suárez & Ana-Belén Alonso-Conde, 2023. "Green Bonds for Renewable Energy in Latin America and the Caribbean," The Energy Journal, , vol. 44(5), pages 45-66, September.
    • Handle: RePEc:sae:enejou:v:44:y:2023:i:5:p:45-66
    DOI: 10.5547/01956574.44.4.jgon
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5547/01956574.44.4.jgon
    Download Restriction: no
    File URL: https://libkey.io/10.5547/01956574.44.4.jgon?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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:sae:enejou:v:44:y:2023:i:5:p:45-66. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: SAGE Publications (email available below). General contact details of provider: .

    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.