Title: Green bond market: a critical review

Authors: Ashima Verma; Rachna Agrawal

Addresses: Department of Management Studies, J.C. Bose University of Science and Technology, YMCA, Faridabad, India ' Department of Management Studies, J.C. Bose University of Science and Technology, YMCA, Faridabad, India

Abstract: Climate change is real, and its impact is visible throughout the world in the form of melting of ice sheets, forest wildfires, earthquakes and cyclones. The study follows a combination of qualitative and empirical analysis to evaluate the impact of the COVID-19 pandemic on the green bonds. It also aims to provide a critical view of the working of green bonds globally. The study diagnosed various barriers like the legal and judicial system of a nation, macro-economic environment, political instability, new technology costs, greenwashing, green bond verification requirements, supply and demand of green bonds and financial attractiveness of green bonds. This study will form a great help to governments and policymakers in providing measures for improving and facilitating a transition to a greener world.

Keywords: green bonds; greenwashing; green bond principles; GBP; initial COVID-19 period; peak COVID-19 period.

DOI: 10.1504/IJBG.2024.142435

International Journal of Business and Globalisation, 2024 Vol.38 No.4, pp.461 - 480

Received: 30 Oct 2020
Accepted: 02 Mar 2021
Published online: 31 Oct 2024 *

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