STUDY OF THE ECONOMIC EFFICIENCY OF GREEN BONDS, ECOLOGICAL LOANS, AND GREEN INVESTMENT FUNDS, AS WELL AS THEIR IMPORTANCE IN THE FINANCIAL SYSTEM

Avazov Azizbek Ashurali O‘g‘li

GREEN ECONOMY AND DEVELOPMENT, 2025, vol. 3, issue 12

Abstract: This study investigates the economic efficiency of green bonds, green loans, and green investment funds,along with their pivotal role in the financial system. Drawing from recent empirical evidence, green bonds lower financingcosts by offering reduced coupon rates and shorter capital occupation periods compared to conventional bonds, whileenhancing ESG performance, though their direct impact on emissions reduction can vary based on issuer practices.Green loans improve firm operational performance, with post-loan increases in operating income relative to assets by1,1%–1,2% and reductions in CO2 emissions per revenue. Green investment funds drive green innovation by increasingpatent applications in sustainable technologies and strengthening governance in firms with weaker structures. Collectively,these instruments channel financial flows towards sustainable projects, supporting economic growth, job creation, andthe transition to a low-carbon economy, with the green finance market projected to expand significantly.

Keywords: Green bonds; green loans; green investment funds; economic efficiency; sustainable finance; financial system; ESG performance; emissions reduction; green innovation (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/8238 Abstract page (text/html)
https://yashil-iqtisodiyot-taraqqiyot.uz/journal/i ... e/download/8238/6450 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:3:y:2025:i:12:id:8238

DOI: 10.5281/zenodo.17951892

Access Statistics for this article

More articles in GREEN ECONOMY AND DEVELOPMENT from "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics
Bibliographic data for series maintained by Xayrulla ().