新兴经济体绿色债券市场的十年

Q3 Environmental Science

Environmental Research, Engineering and Management Pub Date : 2023-04-11 DOI:10.5755/j01.erem.79.1.33794

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引用次数: 0

摘要

近年来，绿色金融一直是谷歌趋势中的热门关键词之一。虽然它本身不是发达经济体的流行语，但它是新兴市场的流行语。绿色金融的目标是为可持续发展项目提供资金。绿色债券是绿色金融工具之一，发行给寻求固定收益的投资者，通过绿色债券筹集的资金用于投资绿色项目。传统上，新兴经济体(EE)的企业仍然倾向于将银行贷款作为资本结构中的债务。这里需要强调的是，银行贷款作为债务并不总是出于他们的选择，而是出于强迫，也因为其他债务渠道，如欧洲国家的债券市场，并不发达，交易很少。众所周知，从融资成本和贷款集中风险的角度来看，债券市场是比其他债务来源更好的债务融资来源

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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A Decade of Green Bond Markets in Emerging Economies

Green finance has been one of the trending keywords in Google trends in the recent years. Though it is not a buzzword for developed economies per se, it is for emerging markets. The goal of green finance is to provide funding for sustainable development projects. Green bonds (GB) are one of the green finance instruments and are issued to fixed-income seeking investors, and the funds collected through these are invested in green projects. Traditionally, firms in emerging economies (EE) have remained skewed towards bank loans as debt in the capital structure. It is important to highlight here that bank loans as debt were not always by their choice but by compulsion, also because other avenues of debt like bond markets in EEs are not well developed and are thinly traded. It is well known that bond markets are a better source of debt funding than other debt sources from the cost of funding and loan-concentration risk perspectives

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来源期刊

Environmental Research, Engineering and Management Environmental Science-Environmental Engineering

CiteScore

2.40

自引率

0.00%

发文量

期刊介绍： First published in 1995, the journal Environmental Research, Engineering and Management (EREM) is an international multidisciplinary journal designed to serve as a roadmap for understanding complex issues and debates of sustainable development. EREM publishes peer-reviewed scientific papers which cover research in the fields of environmental science, engineering (pollution prevention, resource efficiency), management, energy (renewables), agricultural and biological sciences, and social sciences. EREM’s topics of interest include, but are not limited to, the following: environmental research, ecological monitoring, and climate change; environmental pollution – impact assessment, mitigation, and prevention; environmental engineering, sustainable production, and eco innovations; environmental management, strategy, standards, social responsibility; environmental economics, policy, and law; sustainable consumption and education.