Climate Change, Green Finance and Economic Growth

Lu, Yibing

doi:10.54691/bcpbm.v34i.3187

Cited by 1 publication

(1 citation statement)

References 6 publications

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“…From the USA, lessons can be learned about the effectiveness of different domestic climate finance mobilization options, including the impact of green bonds on CO2 emissions and the market reaction to green bond issuance (Adebayo & Kartal, 2023;Wang et al, 2020). Additionally, the review of the impact of climate change on economic growth and the application of green finance in mitigation provides valuable insights (Lu, 2022). In contrast, African initiatives offer lessons on the emergence and growth of green bonds as an integral component of climate finance, highlighting the potential for cross-regional collaboration in developing and implementing effective green finance mechanisms (Ngwenya & Simatele, 2020; Abdoul-Azize et al, 2021).…”

Section: Comparative Analysismentioning

confidence: 99%

Green bonds in climate finance: A review of USA and African initiatives

Olawale Adisa,

Bamidele Segun Ilugbusi,

Ogugua Chimezie Obi

et al. 2024

Int. J. Sci. Res. Arch.

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Green Bonds have emerged as a pivotal instrument in climate finance, facilitating the transition towards a sustainable and low-carbon economy. This paper provides a comprehensive review of Green Bond initiatives in both the United States and Africa, shedding light on the distinct trajectories, challenges, and opportunities within these regions. In the United States, Green Bonds have gained substantial traction as a financial mechanism to support environmentally friendly projects. The review explores the regulatory framework, market dynamics, and the role of key stakeholders in shaping the landscape of Green Bonds in the U.S. The analysis delves into the impact of policy developments, such as the Biden administration's commitment to climate action, on the growth and diversification of Green Bond issuance. Additionally, it examines the investor perspective and the evolving disclosure standards that contribute to the transparency and credibility of these financial instruments. On the African continent, Green Bonds have emerged as a critical tool for mobilizing capital to address climate-related challenges while promoting sustainable development. The paper highlights the unique challenges faced by African nations, including limited financial infrastructure and the need for capacity building. It discusses the role of international partnerships and multilateral institutions in supporting African countries in their endeavors to issue Green Bonds. The review also explores how these financial instruments contribute to the continent's broader climate resilience and mitigation strategies. Furthermore, the paper emphasizes the importance of aligning Green Bond initiatives with broader sustainable development goals, ensuring that the financing mechanisms not only address climate change but also contribute to social and economic development. It discusses the potential for innovation in structuring Green Bonds to attract diverse investors and foster inclusivity in climate finance. This paper provides a nuanced overview of Green Bond initiatives in the United States and Africa, offering insights into the diverse strategies employed, challenges faced, and the broader implications for climate finance. The comparative analysis aims to inform policymakers, investors, and stakeholders, fostering a deeper understanding of the evolving landscape of Green Bonds in these distinct yet interconnected regions.

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Section: Comparative Analysismentioning

confidence: 99%