IDEAS home Printed from https://ideas.repec.org/a/taf/jsustf/v14y2024i3p708-731.html
   My bibliography  Save this article

Prospects and challenges of green bonds in renewable energy sector: case of selected Asian economies

Author

Listed:
  • Kriti Jain
  • Medha Gangopadhyay
  • Kakali Mukhopadhyay

Abstract

The rising demand for electricity and climate change issues associated with conventional sources has raised the need for renewable energy. With limited scope from traditional sources of finance, green bonds provide an alternative and innovative market for green financing. This study aims to critically analyse, for the first time, the status of the green bond market system in six economically diverse Asian countries and identify the current enablers and inhibitors for its growth. It is found that the lack of formal institutional set-up, domestic bond economy, developing stages of the capital bond market with limited private participation and lack of international certification impedes the development of green bond market. Deepening of capital markets like in the case of developed countries will help in tapping both domestic and international investors while simultaneously aligning with global commitment towards climate change issues.

Suggested Citation

  • Kriti Jain & Medha Gangopadhyay & Kakali Mukhopadhyay, 2024. "Prospects and challenges of green bonds in renewable energy sector: case of selected Asian economies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 14(3), pages 708-731, July.
    • Handle: RePEc:taf:jsustf:v:14:y:2024:i:3:p:708-731
    DOI: 10.1080/20430795.2022.2034596
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/20430795.2022.2034596
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/20430795.2022.2034596?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    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:taf:jsustf:v:14:y:2024:i:3:p:708-731. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TSFI20 .

    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.