International Journal of Multidisciplinary Research Transactions

Investment Management and Financial Innovations

The biggest challenge facing countries, including India, is creating and managing an LCR (low carbon resilient) economy, which balances the need for high growth rates and is environmentally sustainable. The green bond market provides investors the means to help change the economy into an LCR economy. The study was undertaken to understand the key drivers and the factors influencing the individual retail investor’s decision to invest in green bonds. A survey instrument was designed and administered through the snowball sampling technique to 125 Indian respondents of various age groups who were eligible to invest in the Indian bond market. SPSS software was used to conduct a descriptive analysis followed by regression and conjoint analyses. The study results suggest that the Environmental, Social, and Governance (ESG) rating and credit rating of the green bond issuers are the key factors that influence an individual’s investment decision. The findings also highlight that incentives su...

Journal of Asian Finance, Economics and Business, 2021

On September 25, 2015, 193 countries of the United Nations (UN) General Assembly, signed the 2030 Agenda to work towards attaining 17 Sustainable Development Goals (SDGs) and its associated 169 targets and 232 indicators. With one of the largest renewable energy programs, India is well-poised to be a role model for low-carbon transformation to other Asian countries. However, bridging the financing gap is critical to ensure that the country meets its SDG targets. Though the SDGs identified by the UN are broad-based and interdependent, for ease of analysis we have grouped them into five themes-people, planet, prosperity, peace, and partnership-based on existing UN models. This paper investigates the financing gap for 'green' projects linked to planet-related SDG targets in India. It builds an argument for utilizing green bonds as an instrument to bridge the gap. After establishing the potential of green bonds in raising the finance to meet India's planet-related SDG targets, we look at the current policy landscape and suggest recommendations for successful execution. The paper concludes that deepening of the corporate fixed income securities market and firming up guidelines in line with India's climate action plans are inevitable before green bonds can be considered a viable financing option.

The Journal of Contemporary Issues in Business and Government, 2021

There is a need to cut down CO2 emissions by at least 45% by the year 2030 to attain a net zero. There is a need around the globe for a wide ranging shift to a low carbon foot print economy with a view to restrict the rising earth temperature status within 1.5 to 2 degrees. To achieve this objective one needs to support technological shifts and advances as well implementation of government policies on climate controls in the form of carbon taxes, green growth policies. Green bonds are instruments aimed at encouraging sustainability and to help build up on projects focused at environmental protection and implementing other climate related projects. The paper aims at studying comprehensively the global operation of green bond markets and its ongoing development. The result predicts that there is positive impact of these projects on the sustainable development. Use of Renewable Capacity From Solar, Wind And Hydro Technologies has been used that decreases Co2 Emission and thus significa...

The European Journal of Development Research, 2022

Given the increasing importance of green bond as the main funding source for the Sustainable Development Goals, the green bond is an emerging concept in the region of Southeast Asia. In addition, the concurrent Covid-19 pandemic has caused disruption to the development of green bond around the world. This research explores the current development status of the green bond in Southeast Asian countries. A total of thirty-two semi-structured interviews were held with capital market participants in Southeast Asian countries. The results highlight barriers, opportunities, and regulation difficulties, and expected growth for the development of the green bond market. This research is concluded by indicating several propositions that can be tested in the future to generalize the findings from this work. We thus extend the knowledge of green bond in the financial markets of Southeast Asian countries, which also delivers implications for practitioners and policy-makers regarding the development of green bond in Southeast Asian countries. Keywords Green bond • Developing countries • Southeast Asia • Market participant perspectives Résumé Compte tenu de l'importance croissante de l'obligation verte en tant que principal attribut financier des objectifs de développement durable (ODD), l'obligation verte est un concept émergent dans la région de l'Asie du Sud-Est. En outre, la pandémie concomitante de Covid-19 a perturbé le développement des obligations vertes dans

2023

Green finance means financial solutions and investments that support environmentally friendly and sustainable economic development. Green finance includes financial activities, investments, business models enable economic growth, while minimizing environmental impacts and contributing to the fight against climate change. The rise of green financial products is motivated by several social, economic and market processes. This paper examines one tool of green financing, the Green Treasury Bond issues and its potential influencing factors in European Union comparison. The supposed influencing factors are the GDP/capita, CO2 emission/capita and market rate of long-term Treasury bond. Regression analysis was used to test the relationship of these variables in 2022. The model did not prove significant connections between the dependent and the input variables. However, filtering the database from outliers weak, positive connection was detected between the economic development and the intensity of green bond funding.

2019

Green bonds have become basic instruments considered sources of green projects financing. The green bond market is relatively new as it was inaugurated in 2007, however, its rapid development has recently been observed. The aim of this paper is the analysis of sovereign green bonds, as well as the comparison and assessment of profitability, price changes and the structure of investors of these instruments. The analysis includes all green bonds issued by governments until the end of June 2018. The study adopted a hypothesis that there are significant differences in the parameters and yield of sovereign green bonds.

Environmental Science and Pollution Research

The purpose of the study is to test the role of green bond financing on energy efficiency investment and economic growth. To achieve the study objective, fuzzy decision-making modeling technique is applied. The results revealed that bank loans are now the main source of financing for energy efficiency projects. Project-based financing might be replaced with Energy Performance Contracts (EPC) warranting energy efficiency investment. Moreover, green banks invest both public and private funds in energy efficiency promoting economic growth. The usage of green bonds for financing environmentally beneficial projects or companies is limitless. Providing for screening energy efficiency investment proposals with small payback hurdle rates might have large opportunity costs. Green bonds can be used to remove the financing barriers for green finance and sustainability tool. On this, study provides policy implications to key stakeholders; if suggested policy suggestions implemented successfully, these would help to enhance scope of green bond financing to uplift energy efficiency financing and green growth successfully.

2020

Expansion of green bond markets as an appropriate way to lower environmental pollution is one of the most debatable issues among scholars. However, the expansion of this market is not a simple matter and depends on several factors. The main purpose of this study is to carry out a multi-dimensional analysis using the analytic hierarchy process (AHP) method to find and prioritize factors influencing the development of green bond markets. As a case, we do our analysis for Vietnam that, since the last years, has been trying to expand green bond market as an effective investment channel to finance low-carbon projects. The main findings revealed that legal infrastructure, official interest rate of green bonds, and economic stability are the most important factors directly affecting green bond market expansion. Therefore, economic and legal requirements should be addressed by policy makers. As major policy implications, we recommend an affordable price of green bonds and improvement of economic and financial stability to accelerate the development of green bond markets.

International Journal of Corporate Social Responsibility

Former reports of Environmental, Social and Governance (ESG) tended to focus on the equity side of investing, and today green bonds also offer and introduce sustainability factors. This paper is about the relevance, potential benefits and key arguments for countries with low-and middle-incomes where financial markets are not comparable with those in developed countries. We begin by stating clearly the relevance of a green economy transformation, highlight the development challenges they face and talk about how a green economy approach can help to solve these challenges. Then an outline of the progress that has been made in this panel, and the economic and social benefits that a green economy can potentially offer to Low- and Middle-Income countries (LMIC’s) will be underlined. Finally, we will make recommendations on the range of potential areas for intervention.

The Academic: International Journal of Multidisciplinary Research, 2024

Green finance, which involves financial investments in projects and initiatives that promote environmental sustainability, has gained traction globally as countries strive to address climate change and environmental degradation. India, being a developing economy with ambitious renewable energy and sustainability goals, faces unique challenges in implementing green finance at scale. This study explores the key challenges and opportunities in advancing green finance in India, including regulatory barriers, market infrastructure limitations, and a lack of awareness among financial institutions and investors. Notwithstanding these limitations, the report highlights considerable prospects for expansion in India's green finance industry, especially via governmental initiatives, the advancement of green bonds, and the growing involvement of the private sector in financing sustainable projects. This paper examines the legislative framework and market dynamics, emphasizing the potential of green financing to serve as a vital catalyst for India's transition to a low-carbon economy. Suggestions for addressing the identified difficulties encompass improving policy frameworks, encouraging private investment, and promoting increased collaboration between public and private sectors.