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Green Bonds: Between economic incentives and eco-change

Hoinaru Răzvan (), Benson Cedine (), Stănilă Georgiana Oana (), Dobre Florin () and Buda Daniel ()
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Hoinaru Răzvan: Member of the Club of Rome (EU Chapter) Queen Mary University of London, United Kingdom
Benson Cedine: Johannes Gutenberg University of 0Mainz, Germany
Stănilă Georgiana Oana: Bucharest University of Economic Studies, Bucharest, Romania
Dobre Florin: Bucharest University of Economic Studies, Bucharest, Romania
Buda Daniel: Babeș-Bolyai University, Cluj-Napoca, Romania

Proceedings of the International Conference on Business Excellence, 2020, vol. 14, issue 1, 236-245

Abstract: As the investor base committed to financing sustainable companies in an attempt to combat the climate crisis expands, green financial products have become more attractive to issuers, corporate and sovereign alike. As a result, the EU is attempting to create favourable market conditions which mobilise the allocation of private capital for investments that reduce the contribution to climate change. As part of the EU Commission’s Action Plan for Sustainable Finance, it intends to create Green Bond Standards which aim to support the transition to greener securities investments. As a foundation, we provide an overview of the green bond market development. We then consider investment challenges such as incentivisation and transparency and discuss whether the Green Bond Standards shall likely resolve these issues. Furthermore, we confer that enforceability of current green securities regulations is weak to non-existent and propose possible policy approaches which address these issues.

Keywords: green bonds; EU Commission; sustainable finance; climate change (search for similar items in EconPapers)
Date: 2020
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