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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
The Role of Green Bonds in Sustainability Efforts
Connie Shum
Gladie Lui
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DOI:10.17265/1548-6583/2024.04.003
Pittsburg State University, Pittsburg, USA
ESCP Business School, London, U.K.
Although green bonds are a relatively new innovation in the financial world, they are changing the way financial institutions address the growing issue of sustainability. They offer companies an alternative method for financing their socially responsible activities and raising capital for environmentally friendly projects. The various applications of green bonds in financial markets, such as financing the transition to low-carbon economy and decelerating the depletion of natural landscapes, are important in combating humanitarian crisis such as climate change. To be able to finance projects that mitigate the effects of climate change, it is vital to focus not only on developed countries, but also on underdeveloped and developing countries. The uncertain fate of the planet brought about by climate change can be made far less foreboding if large corporations and industries persist in their commitment to transitioning to more sustainable practices. Green bonds are an essential part of this commitment, and their full impact on climate change mitigation has yet to be realized.
green bonds, sustainability, climate change
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