ISSN 2394-5125
 

Research Article 


GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES

Harmanpreet Kaur.

Abstract
This research paper studies the prospectus of developing countries for green bonds, which is a
innovative financial tool to fund mobilizing adaption & mitigation projects. Based on the theoretical
perspective, this paper point out the major drivers over the past few years which helps in the development of
Green Bonds and green bond market Market and the obstacles that hinder its acquisition by developing
countries. The findings indicate that the increasing awareness and knowledge of green bonds among investors is
the fact in the growth of climate or green bonds in emerging and developed countries. However, market is
bullish and its overall capacity is appears to be declining in developing countries. Lack of adequate
organizational requirements for managing green bonds, high transaction cost and minimum size associated with
issuance of green bonds are significant impediments in developing countries which create obstacles in the
growth of green bond market. This research paper suggests that multilateral and national development banks
should be effectively used as an agent for managing local green bonds to address these challenges. In addition,
local governments must provide assurances to the issuers of local green bonds to cover the transaction costs
related to green bond issuance.

Key words: climate change, Green Bonds, Transaction cost, developing countries


 
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Pubmed Style

Harmanpreet Kaur. GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. JCR. 2020; 7(16): 1609-1619. doi:10.31838/jcr.07.16.201


Web Style

Harmanpreet Kaur. GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. http://www.jcreview.com/?mno=5279 [Access: April 18, 2021]. doi:10.31838/jcr.07.16.201


AMA (American Medical Association) Style

Harmanpreet Kaur. GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. JCR. 2020; 7(16): 1609-1619. doi:10.31838/jcr.07.16.201



Vancouver/ICMJE Style

Harmanpreet Kaur. GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. JCR. (2020), [cited April 18, 2021]; 7(16): 1609-1619. doi:10.31838/jcr.07.16.201



Harvard Style

Harmanpreet Kaur (2020) GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. JCR, 7 (16), 1609-1619. doi:10.31838/jcr.07.16.201



Turabian Style

Harmanpreet Kaur. 2020. GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. Journal of Critical Reviews, 7 (16), 1609-1619. doi:10.31838/jcr.07.16.201



Chicago Style

Harmanpreet Kaur. "GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES." Journal of Critical Reviews 7 (2020), 1609-1619. doi:10.31838/jcr.07.16.201



MLA (The Modern Language Association) Style

Harmanpreet Kaur. "GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES." Journal of Critical Reviews 7.16 (2020), 1609-1619. Print. doi:10.31838/jcr.07.16.201



APA (American Psychological Association) Style

Harmanpreet Kaur (2020) GREEN BOND: - A SOURCE TO TRANSIT ECONOMY INTO CLIMATE-RESILIENT AND LOW-CARBON ECONOMY IN DEVELOPING COUNTRIES. Journal of Critical Reviews, 7 (16), 1609-1619. doi:10.31838/jcr.07.16.201