imported>Doug Williamson |
imported>Doug Williamson |
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| A green bond is not a particularly tightly defined term, but is generally thought of as a fixed income instrument launched to fund specific environmental or green projects such as projects to reduce CO<sub>2</sub> emissions.
| | ''Economics''. |
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| The amounts issued have grown rapidly, according to information collated by the Climate Bonds Initiative, a non profit organisation established in 2010. However, total amounts issued remain a relatively small proportion of total bond issuance.
| | Classical economics assumes that all market participants are profit-maximising and risk averse. |
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| Guidelines for green bonds, the Green Bond Principles, have been issued by a group of 25 leading banks, coordinated by the ICMA ([[International Capital Market Association]]), to establish a voluntary framework for these instruments.
| | This combination of preferences is known as 'rational' in the efficient market hypothesis. |
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| Green bonds are an important part of green finance.
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| Green bonds are also sometimes known as 'ESG' (Environmental, Social and Governance) bonds.
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| == See also == | | == See also == |
| * [[Blue bond]] | | *[[Behavioural economics]] |
| * [[Carbon footprint]] | | *[[Classical economics]] |
| * [[Carbon-neutral]] | | *[[Efficient market hypothesis]] |
| * [[Climate Bonds Initiative]] | | * [[Irrational]] |
| * [[ESG investment]] | | *[[Profit maximisation]] |
| * [[EU Green Bond Standard]] | | *[[Risk]] |
| * [[Fixed income]] | | *[[Risk averse]] |
| * [[Green Bond Principles]]
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| * [[Green Bond Technical Assistance Program]]
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| * [[Green finance]]
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| * [[Greenium]]
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| * [[Greenwash]]
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| * [[International Capital Market Association]]
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| * [[IPCC]]
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| * [[Retail bond]]
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| * [[Sustainability bond]]
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| * [[Sustainability Linked Loan Principles]]
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| ===Other links===
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| [http://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/green-bond-principles-gbp/ Green Bond Principles]
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| [https://www.treasurers.org/thetreasurer/a-practical-insight-into-green-bonds-and-ESG-investing/ A practical insight into green bonds and ESG investing, The Treasurer web exclusive, June 2019]
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| [[Category:Corporate_financial_management]] | | [[Category:Corporate_financial_management]] |
| [[Category:Ethics_and_corporate_governance]]
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