Open AccessThe Potential of Green Bond Markets as Drivers of Change
Author(s) -
Andra-Nicoleta Mecu,
Florentina Chițu,
Gheorghe Hurduzeu
Publication year - 2021
Publication title -
the romanian economic journal
Language(s) - English
Resource type - Journals
eISSN - 2286-2056
pISSN - 1454-4296
DOI - 10.24818/rej/2021/82/06
Subject(s) - bond , sustainability , investment (military) , climate change , order (exchange) , business , process (computing) , economic system , finance , economics , political science , ecology , politics , computer science , law , biology , operating system
The risks derived from climate change and the social inequalities of the economic model en-danger thecontinuity of society as we know it. The investment community is developing financial products in order tochannel the environ-mental and social transition process, with green bonds and social bonds being keyinstruments to facilitate the change of model. In just a few years, investments made in assets that respectenvironmental sustainability, social responsibility and good management practices have in-creased from12% to 42% of total investments made by investors around the world. The current paper it is intended todiscuss the regulation and evolution of green bonds since its inception in 2007, globally and nationally,focusing on the principles of implementation, benefits and role of the COVID-19 pandemic in issuinggreen bonds.