The green transition in emerging economies : green bond issuance in Brazil and China.

Simple item page
dc.contributor.authorDeus, Juliana Lima de
dc.contributor.authorCrocco, Marco
dc.contributor.authorSilva, Fernanda Faria
dc.date.accessioned2023-05-26T17:51:18Z
dc.date.available2023-05-26T17:51:18Z
dc.date.issued2022pt_BR
dc.description.abstractGreen bonds have emerged as an innovative financial instrument that may be used to mobilise incremental resources for long-term financing projects focused on building sustainable infrastructure. In this regard, this article advances research on green bond markets in emerging economies (EEs) by comparing the evolution of the certified green bonds markets in Brazil and China. For this purpose, a mixed analysis was applied. The qualitative analysis is based on a literature review to contextualise the main drivers and barriers to the evolution of the green bond market in light of national policies and features of the financial system in each country. For the quantitative analysis, the certified green bond markets are assessed in terms of the amounts issued as a percentage of the debt securities markets, considering the participation of each issuer type and the allocation of revenue across eligible sectors. Information on certified green bond amounts issued and on debt securities’ markets was obtained from the Climate Bonds Initiative and BIS databases. The results show that the evolution of the Chinese and Brazilian certified green bonds markets remains negligible, in terms of the whole debt securities market. Although green bonds may be considered an important market solution, they still do not provide sufficient resources necessary for a meaningful green transition, especially in EEs. However, findings also show that in China, compared to Brazil, features of the financial system combine with more consolidated green policies to act in favour of scaling up and distributing revenue to crucial sectors to green transition.pt_BR
dc.identifier.citationDEUS, J. L. de; CROCCO, M.; SILVA, F. F. The green transition in emerging economies: green bond issuance in Brazil and China. Climate Policy, v. 22, n. 9-10, p. 1252–1265, 2022. Disponível em: <https://www.tandfonline.com/doi/epdf/10.1080/14693062.2022.2116381?needAccess=true&role=button>. Acesso em: 01 mar. 2023.pt_BR
dc.identifier.doihttps://doi.org/10.1080/14693062.2022.2116381pt_BR
dc.identifier.issn1752-7457
dc.identifier.urihttp://www.repositorio.ufop.br/jspui/handle/123456789/16691
dc.identifier.uri2https://www.tandfonline.com/doi/epdf/10.1080/14693062.2022.2116381?needAccess=true&role=buttonpt_BR
dc.language.isoen_USpt_BR
dc.rightsrestritopt_BR
dc.subjectPolicy coordinationpt_BR
dc.subjectFinancial systempt_BR
dc.titleThe green transition in emerging economies : green bond issuance in Brazil and China.pt_BR
dc.typeArtigo publicado em periodicopt_BR
Files
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
ARTIGO_GreenTransitionEmerging.pdf
Size:
1.67 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
DEECO - Artigos publicados em periódicos