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Green bond market: a critical review

Ashima Verma and Rachna Agrawal

International Journal of Business and Globalisation, 2024, vol. 38, issue 4, 461-480

Abstract: Climate change is real, and its impact is visible throughout the world in the form of melting of ice sheets, forest wildfires, earthquakes and cyclones. The study follows a combination of qualitative and empirical analysis to evaluate the impact of the COVID-19 pandemic on the green bonds. It also aims to provide a critical view of the working of green bonds globally. The study diagnosed various barriers like the legal and judicial system of a nation, macro-economic environment, political instability, new technology costs, greenwashing, green bond verification requirements, supply and demand of green bonds and financial attractiveness of green bonds. This study will form a great help to governments and policymakers in providing measures for improving and facilitating a transition to a greener world.

Keywords: green bonds; greenwashing; green bond principles; GBP; initial COVID-19 period; peak COVID-19 period. (search for similar items in EconPapers)
Date: 2024
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