XF-0Y36P8Z-U Green bond finance and certification
Abstract
Financing of investments through green bonds has grown rapidly in recent years. But definitions of what makes a bond “green” vary. Various certification mechanisms have evolved to allow more granularity as well as continuity in assessment. Green bonds have been priced at issuance at a premium on average relative to conventional bonds, but their performance in the secondary market over time has been similar. A relatively large share of green bonds are in sectors subject to environmentally related credit risks. More consistent green bond standards across jurisdictions could help to further develop the market.
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BIS Quarterly Review (2017). Green bond finance and certification. XFID: XF-0Y36P8Z-U. Retrieved from https://xframework.id/XF0Y36P8ZU
XF-0Y36P8Z-U