Green bonds as the driving force of environmental performance – the European perspective

• Autorzy: Janik Bogna , Maruszewska Katarzyna

Identyfikatory

DOI

10.34659/eis.2023.87.4.608

Warianty tytułu

PL

Zielone obligacje jako stymulanta efektywności środowiskowej – europejska perspektywa

• Języki publikacji: EN

Abstrakty

EN

This paper identifies regions with high environmental performance by assessing the size of green bond issuance in European countries from a cause-and-effect perspective. Cluster analysis and descriptive statistics were used to meet this research objective. The research subject was the size of green bond issuance, understood as the driving force for the green economy in European countries. The main findings of the research show a strong correlation between the size of green bond issuance and environmental performance. Due to limited access to source data, the analysis of green sources of financing was restricted only to the size of green bond issuance, excluding other funding sources. Identifying the regions with high environmental performance and high value of green bond issuance will allow for an effective support plan for pro-ecological actions by using soft and complex tools of green policy, bearing in mind existing limitations, too. This approach determines groups of countries that share similar features, i.e., the ones that take advantage of green projects financed by the issuance of green bonds and simultaneously have a high environmental performance index.

PL

Celem badania jest wskazanie regionów, gdzie efektywność środowiskowa jest wysoka poprzez przyczynowo-skutkowe podejście do oceny wielkości emisji zielonych obligacji w krajach europejskich. Do realizacji celu badania wykorzystano analizę treści i opisowe metody statystyczne. Przedmiotem badań była wielkość emisji zielonych obligacji rozumiana jako jedna z sił napędowych zielonej gospodarki w krajach europejskich. Rezultaty badania wykazują silną zależność pomiędzy wielkością emisji zielonych obligacji a efektywnością środowiskową. Ze względu na ograniczony dostęp do danych źródłowych, analiza zielonych źródeł finansowania została zawężona tylko do wielkości emisji zielonych obligacji z pominięciem innych źródeł finansowania. Identyfikacja regionów o wysokiej efektywności środowiskowej i wysokiej wartości emisji zielonych obligacji pozwoli na skuteczne planowanie wspierania działań proekologicznych, poprzez wykorzystanie miękkich i twardych narzędzi polityki środowiskowej, mając na uwadze także istniejące ograniczenia. Podejście takie wskazuje grupy krajów o zbliżonych cechach, korzystających z zielonych projektów finansowanych przez emisję zielonych obligacji i jednocześnie mających wysoki wskaźnik efektywności środowiskowej.

Słowa kluczowe

EN

green finance; green economy; sustainable finance; green bonds; environmental performance

PL

zielone finanse; zielona ekonomia; zrównoważone finanse; zielone obligacje; efektywność środowiskowa

• Wydawca: Fundacja Ekonomistów Środowiska i Zasobów Naturalnych
• Czasopismo: Economics and Environment
• Rocznik: 2023
• Tom: No. 4
• Strony: 1--19
• Opis fizyczny: Bibliogr. 46 poz., rys., tab., wykr.

Twórcy

autor

Janik Bogna

• WSB Merito University in Poznan, Powstańców Wielkopolskich Street 5, 61-895 Poznan, Poland

• https://orcid.org/0000-0002-3765-4783

autor

Maruszewska Katarzyna

• WSB Merito University in Poznan

• https://orcid.org/0000-0001-5048-1891

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