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Financial markets for the greener future: the role of green bonds in energy transition. Evidence from Europe

Treść / Zawartość
Identyfikatory
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Purpose: The aim of the article is to assess the role of the green bond market in financing investment activities in the field of energy transition. Attention was focused on the European green bond market, considered the most mature and developed market for assets of this class. Design/methodology/approach: Critical analysis of domestic and foreign scientific achievements regarding the development and importance of the green bond market in the energy transition process. Analysis of secondary data from statistical reports showing the state of development and the degree of use of the green bond market in financing energy transition tasks in 2014-2022. Findings: On the basis of the conducted research, it is concluded that the European green bond market is developing quite dynamically, and its structure is dominated by issues of green bonds intended to finance expenditures supporting the energy transition process. Originality/value: The green bond market - due to its relatively short history of operation, high dynamics of value growth and internal diversification process - is a relatively new object of research in economic sciences.
Rocznik
Tom
Strony
469--478
Opis fizyczny
Bibliogr. 15 poz.
Twórcy
  • University of Szczecin, Institute of Economics and Finance
Bibliografia
  • 1. Andersen, D.C. (2017). Do credit constraints favor dirty production? Theory and plant-level evidence. Journal of Environmental Economics and Management, 84, pp. 189–208. https://doi.org/10.1016/j.jeem.2017.04.002
  • 2. Ayaz, M.U., Majeed, Z. (2022). Green Financing to Support Energy Transition: Options and Challenges for Pakistan. Islamabad: SDPI Policy Brief Series. Retrieved from: https://sdpi.org
  • 3. CBI (Climate Bonds Initiative) (2024). https://www.climatebonds.net/2023/04/green-and-other-labelled-bonds-fought-inflation-reach-usd8585bn-2022
  • 4. Chasan, E. (2019). Bonds to Save the Planet - Bloomberg. Retrieved from: https://www.bloomberg.com/news/articles/2019-04-23/bonds-to-save-the-planet
  • 5. Cortellini, G., Panetta, I.C. (2021). Green Bond: A Systematic Literature Review for Future Research Agendas. Journal of Risk and Financial Management, 14(12), 589, pp. 1-29. https://doi.org/10.3390/jrfm14120589
  • 6. Ehlers, T., Packer, F. (2017). Green Bond Finance and Certification. BIS Quarterly Review, September 2017, pp. 89-104. Retrieved from: https://papers.ssrn.com/sol3/ papers.cfm?abstract_id=3042378#paper-citations-widget
  • 7. https://www.climatebonds.net/, 31.12.2023.
  • 8. Lorentz, B., Trüby, J., Philip, P., Shirizadeh, B., Cartry, C., Lévêque, C., Jacamon, V. (2023). Financing the Green Energy Transition: A US$50 trillion catch. Deloitte Global. Retrieved from: https://www.deloitte.com/
  • 9. Maltais, A., Nykvist, B. (2020). Understanding the role of green bonds in advancing sustainability. Journal of Sustainable Finance & Investment, Vol. 11(3), pp. 233-252. https://doi.org/10.1080/20430795.2020.1724864
  • 10. Pawłowski, M. (2017). Zielone obligacje rządowe. Ekonomiczne Problemy Usług, 4(129), pp. 219-227. https://doi.org/10.18276/epu.2017.129-18
  • 11. Pawłowski, M. (2018). Diversification of the global green bond market. European Journal of Service Management, 3(27/2), pp. 331-337. https://doi.org/10.18276/ejsm.2018.27/2-40
  • 12. Saha, S. (2024). Financing the energy transition. Retrieved from: https://www.spglobal.com/commodityinsights/en/market-insights/blogs/energy-transition/010824-financing-the-energy-transition
  • 13. Tu, C.A., Sarker, T., Rasoulinezhad, E. (2020). Factors Influencing the Green Bond Market Expansion: Evidence from a Multi-Dimensional Analysis. Journal of Risk and Financial Management, 13(126), pp. 1-14. https://doi.org/10.3390Tu/jrfm13060126
  • 14. Tuhkanen, H., Vulturius, G. (2022). Are green bonds funding the transition? Investigating the link between companies’ climate targets and green debt financing. Journal of Sustainable Finance & Investment, 12(4), pp. 1194-1216. https://doi.org./10.1080/ 20430795.2020.1857634
  • 15. Wiatros-Motyka, M. (2023). Global Electricity Review 2023. Retrieved from: https://ember-climate.org/
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-b3776fdd-a0e8-456b-ac92-3e35b6f6fde8
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