Green Bonds for Mobilising Environmental Finance

Abstract

Sustainability in production and consumption requires infrastructure, pointing to the enormous financial prerequisite. Green bonds are an innovative means for channelling capital toward the environment and sustainability. Through a methodical evaluation of the literature, global green bond frameworks, and issuances to date, this chapter attempts to develop a comprehensive understanding of green bonds, as well as their importance in achieving sustainable development. The authors examine the potential of green bonds in unleashing sustainability focusing on the UN SDG 12, titled “responsible consumption and production.” The results suggest that green bonds have huge potential in financing green infrastructure that enables responsible production and consumption. The interdependencies of the sustainability pillars result in overall sustainability with the benefits derived from green bond issuances.

Does Green Bond Issuance Enhance Market Return of Equity Shares in the Indian Stock Market?*

“…To achieve the Paris Agreement 2015 and the Sustainable Development Goals (SDGs) by 2030, 1874 countries have become signatories to the Principles for Responsible Investment (PRI). Reaching the SDGs requires infrastructure development, pointing to an enormous financial prerequisite (Sreelekshmi and Biju 2023). Therefore, Ahmed et al .…”

“…There is an urgent need for country‐level research, focusing on developing country's unit‐wise analysis to comprehend better the overall state of the green bond market and its effect on firms (Sreelekshmi and Biju 2023). To the best of our knowledge, this is the first study that examines the green bond issuance by renewable energy and finance companies in the Indian context.…”