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Green Bonds: Between economic incentives and eco-change

Author

Listed:
  • Hoinaru Răzvan

    (Member of the Club of Rome (EU Chapter) Queen Mary University of London, United Kingdom)

  • Benson Cedine

    (Johannes Gutenberg University of 0Mainz, Germany)

  • Stănilă Georgiana Oana

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Dobre Florin

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Buda Daniel

    (Babeș-Bolyai University, Cluj-Napoca, Romania)

Abstract

As the investor base committed to financing sustainable companies in an attempt to combat the climate crisis expands, green financial products have become more attractive to issuers, corporate and sovereign alike. As a result, the EU is attempting to create favourable market conditions which mobilise the allocation of private capital for investments that reduce the contribution to climate change. As part of the EU Commission’s Action Plan for Sustainable Finance, it intends to create Green Bond Standards which aim to support the transition to greener securities investments. As a foundation, we provide an overview of the green bond market development. We then consider investment challenges such as incentivisation and transparency and discuss whether the Green Bond Standards shall likely resolve these issues. Furthermore, we confer that enforceability of current green securities regulations is weak to non-existent and propose possible policy approaches which address these issues.

Suggested Citation

  • Hoinaru Răzvan & Benson Cedine & Stănilă Georgiana Oana & Dobre Florin & Buda Daniel, 2020. "Green Bonds: Between economic incentives and eco-change," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 236-245, July.
    • Handle: RePEc:vrs:poicbe:v:14:y:2020:i:1:p:236-245:n:22
    DOI: 10.2478/picbe-2020-0022
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    References listed on IDEAS

    as
    1. Caroline Flammer, 2019. "Green Bonds: Effectiveness and Implications for Public Policy," NBER Chapters, in: Environmental and Energy Policy and the Economy, volume 1, pages 95-128, National Bureau of Economic Research, Inc.
    2. Tanţău Adrian & Gavrilescu Ileana, 2019. "Key anxiety factors for buying an electric vehicle," Management & Marketing, Sciendo, vol. 14(2), pages 240-248, June.
    3. Caroline Flammer, 2019. "Green Bonds: Effectiveness and Implications for Public Policy," NBER Working Papers 25950, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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