Green bond considerations in the renewable energy sector
- Author Indrajit Mazumdar
- Co-Author P.V. Rajeev
- DOI
- Country : India
- Subject : Management Studies
Keywords : The Green Bond Principles, The Green Bond eligible projects, The Green Bond proceeds, The Green Investment report, The Climate Policy Initiative
Abstract
Greening the economy is an important strategy with which to combat climate change and to prevent worst case scenarios. A green transformation has manifold dimensions, the most important of which is to reduce carbon emissions and to secure sustainable energy for all. This includes offering secure universal access to modern energy supplies, doubling the share of renewable energy in the global energy mix, increasing energy efficiency, and phasing out inefficient fossil fuel subsidies. A special focus has to be on developing countries and emerging economies for two reasons. First, these countries will suffer exceptionally from climate change. Second, due to the projected growth of these country groups and the related increase in emissions, combined with the strong path dependencies of the infrastructure investment decisions that are to be taken, it is crucial to select the green pathway right now and avoid lock-in effects. The present paper envisages the expectation of the international community and the domestic investors in Green bonds and concludes by focusing on the realistic return these bonds can offer to its investors.
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