International trade and the environment

Kuna‐Marszałek, Anetta

doi:10.18778/8088-016-0.02

Cited by 2 publications

(3 citation statements)

References 3 publications

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“…(Bachelet, Becchetti, and Manfredonia 2019) conclude that an issuer's credibility and third-party verifications are essential to reduce informational asymmetries and avoid suspicion of greenwashing. (Banga 2019, Kuna-Marszałek andMarszałek 2017) assert that the situation is different in many developing countries given there is lack of awareness on green bonds among policy-makers, bond issuers and investors. (Chugan, Mungra, and Mehta 2017, Weber and Saravade 2020) similarly find that lack of investor awareness amongst the investors is a pressing challenge to development of the Indian green bond market.…”

Section: Green Bond Market Developmentmentioning

confidence: 99%

“…The Kenyan green bond market set out in 2019 on the back of an underdeveloped regular bond market which has dictated the trajectory of the market. Many green bond issuances from developing markets, including Kenya, target developed capital markets thereby supporting the development of mature financial markets in regions which experience little environmental impact (Kuna-Marszałek and Marszałek 2017). More than a decade after the advent of green bonds, a total of USD 2.1 billion worth of green bonds have been issued by African issuers, representing merely 0.2% of the global total with Kenya representing just 2% of the green bonds from African issuers.…”

Section: Introductionmentioning

confidence: 99%

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Developing a green bond market in Kenya: perspectives from practitioners and lessons from developing markets

Magale

2021

Journal of Sustainable Finance & Investment

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Green bonds have recently emerged as a financing instrument with significant potential for funding of green projects. However, Kenyan issuers have been slow in issuing green bonds despite there being multiplicity of bankable green projects. This paper shifts focus from developed green bond markets to the developing market in Kenya. The paper offers perspectives from practitioners about factors which they consider as enabling and inhibiting the growth of the Kenyan green bond market. Findings from the interviews point to lack of awareness, weak drive for responsible investment, low institutional capacity and limited expertise of practitioners, inadequate risk management tools and significant issuance and monitoring costs as the main barriers to growth of the market. Similarly, a wide pool of investors and strong government support were identified as factors that could enable growth of the market. Lessons drawn from other developing markets that offer insights to the Kenyan market are discussed.

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Section: Green Bond Market Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Developing a green bond market in Kenya: perspectives from practitioners and lessons from developing markets

Magale

2021

Journal of Sustainable Finance & Investment

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“…According to Paterson and Stevis (2006), there are three approaches to see global environmental politics (Clapp, 2014). Firstly, Neoclassical Economy which sees a tendency to see that the expansion of global trade, investment, and finance as a whole has a positive impact on the natural environment.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

CITES and Domestic Economy in Indonesia: The Efforts of Indonesian Government to Change The Lamakera Fishers� Commodity in Implementing The 2013 CITES Convention

Septiyana

2017

J. Indones. Soc. Sci. and Humanit.

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Indonesia is a maritime country where most of the people work as fishers. The number of fishers in Indonesia is around 1.4 million people. Lamakera is a village on Solor Island, and part of East Flores Regency, East Nusa Tenggara Province. The geographical condition which is the strait makes the Lamakera sea area visited by various types of fish, including whales and manta rays. In 2012 researchers proposed a moratorium of International trade of Manta rays gills to IUCN that agreed on the international convention in the CITES framework. Indonesia, as part of the CITES, binds their selves to the convention and must implement it. In another side, Manta is the primary commodity for Lamakera fishers. By using liberal-institutionalism perspective on international relations, this article will describe how the efforts of the Indonesian government change the livelihood of local people concerning the implementation of CITES 2013.

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International trade and the environment

Cited by 2 publications

References 3 publications

Developing a green bond market in Kenya: perspectives from practitioners and lessons from developing markets

Developing a green bond market in Kenya: perspectives from practitioners and lessons from developing markets

CITES and Domestic Economy in Indonesia: The Efforts of Indonesian Government to Change The Lamakera Fishers� Commodity in Implementing The 2013 CITES Convention

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