The Viability of Green Bonds as a Financing Mechanism for Energy-Efficient Green Buildings in ASEAN: Lessons from Malaysia and Singapore

Anant Kapoor (), En-Qi Teo (), Dina Azhgaliyeva () and Yang Liu ()
Additional contact information
Anant Kapoor: Punya
En-Qi Teo: National University of Singapore
Dina Azhgaliyeva: Asian Development Bank Institute
Yang Liu: African Development Bank

Chapter Chapter 12 in Energy Efficiency Financing and Market-Based Instruments, 2021, pp 263-286 from Springer

Abstract: Abstract As the growth of energy demand outstrips that of energy supply in Southeast Asia, it is imperative for the Association of Southeast Asian Nations (ASEAN) member states to seek energy efficiency improvements for sustained energy security. While green buildings have an overall low penetration rate in ASEAN compared to the rest of the world, a relatively large proportion of green bond proceeds in ASEAN have been channeled to financing green buildings. Green bonds hold vast potential as a financing mechanism, and the importance of green bonds as a funding source for green buildings in ASEAN is projected to increase in the future. ASEAN member state governments can encourage the use of this source of finance to address under-investment in green buildings by providing information on raising funds through green bonds, endorsing investment in green buildings through codifying green building standards, and promoting local currency bond financing through domestic investors.

Keywords: Green buildings; Green bonds; Energy efficiency; ASEAN; Green sukuk; ICMA green bond principles; ASEAN green bond standards; Sustainable finance (search for similar items in EconPapers)
JEL-codes: G2 G3 Q28 Q42 Q43 Q53 (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-981-16-3599-1_12

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