Green bonds for the Paris agreement and sustainable development goals

Clarence Tolliver, Alexander Ryota Keeley, Shunsuke Managi

研究成果: ジャーナルへの寄稿記事

3 引用 (Scopus)

抄録

The Paris Agreement under the United Nations Framework Convention on Climate Change and the Sustainable Development Goals (SDGs) of the United Nations Development Programme both entail substantial global investments through cost-efficient, long-term financing. Noted for their risk-alleviating features and appeal to institutional and socially responsible investors, green bonds are gaining prominence in climate change and sustainable development finance frameworks. This study is the first to thoroughly examine publicly reported green bond proceeds allocations from 53 organizations to projects and assets throughout 96 countries from 2008 to 2017. Green bond markets are growing rapidly, and yearly proceeds allocation trends reveal increasing disbursements to renewable energy, clean water, low-carbon transportation, and other Paris Agreement and SDG-related investment categories. Circle plot analysis reveals unique allocation trends to specific green sectors at both regional and national levels. International finance institutions allocated the largest share of proceeds by both frequency and volume, and the projects and assets financed with green bonds in this study sample are associated with over 108 million tonnes of carbon dioxide equivalent (tCO2e) in greenhouse gas emissions reductions and over 1500 gigawatts in renewable energy capacity. The study concludes with suggestions for improving green bond post-issuance reporting and provides insights for future green bond applications in expanding Paris and SDG agendas.

元の言語英語
記事番号064009
ジャーナルEnvironmental Research Letters
14
発行部数6
DOI
出版物ステータス出版済み - 5 31 2019

Fingerprint

Conservation of Natural Resources
Sustainable development
sustainable development
Paris
Renewable Energy
United Nations
Climate Change
Finance
Climate change
finance
United Nations Development Program
United Nations Framework Convention on Climate Change
Gas emissions
Greenhouse gases
Carbon Dioxide
energy
Carbon dioxide
greenhouse gas
Carbon
carbon dioxide

All Science Journal Classification (ASJC) codes

  • Renewable Energy, Sustainability and the Environment
  • Environmental Science(all)
  • Public Health, Environmental and Occupational Health

これを引用

Green bonds for the Paris agreement and sustainable development goals. / Tolliver, Clarence; Keeley, Alexander Ryota; Managi, Shunsuke.

:: Environmental Research Letters, 巻 14, 番号 6, 064009, 31.05.2019.

研究成果: ジャーナルへの寄稿記事

Tolliver, Clarence ; Keeley, Alexander Ryota ; Managi, Shunsuke. / Green bonds for the Paris agreement and sustainable development goals. :: Environmental Research Letters. 2019 ; 巻 14, 番号 6.
@article{689bfe0d50ec4d93a509feaf448e0452,
title = "Green bonds for the Paris agreement and sustainable development goals",
abstract = "The Paris Agreement under the United Nations Framework Convention on Climate Change and the Sustainable Development Goals (SDGs) of the United Nations Development Programme both entail substantial global investments through cost-efficient, long-term financing. Noted for their risk-alleviating features and appeal to institutional and socially responsible investors, green bonds are gaining prominence in climate change and sustainable development finance frameworks. This study is the first to thoroughly examine publicly reported green bond proceeds allocations from 53 organizations to projects and assets throughout 96 countries from 2008 to 2017. Green bond markets are growing rapidly, and yearly proceeds allocation trends reveal increasing disbursements to renewable energy, clean water, low-carbon transportation, and other Paris Agreement and SDG-related investment categories. Circle plot analysis reveals unique allocation trends to specific green sectors at both regional and national levels. International finance institutions allocated the largest share of proceeds by both frequency and volume, and the projects and assets financed with green bonds in this study sample are associated with over 108 million tonnes of carbon dioxide equivalent (tCO2e) in greenhouse gas emissions reductions and over 1500 gigawatts in renewable energy capacity. The study concludes with suggestions for improving green bond post-issuance reporting and provides insights for future green bond applications in expanding Paris and SDG agendas.",
author = "Clarence Tolliver and Keeley, {Alexander Ryota} and Shunsuke Managi",
year = "2019",
month = "5",
day = "31",
doi = "10.1088/1748-9326/ab1118",
language = "English",
volume = "14",
journal = "Environmental Research Letters",
issn = "1748-9326",
publisher = "IOP Publishing Ltd.",
number = "6",

}

TY - JOUR

T1 - Green bonds for the Paris agreement and sustainable development goals

AU - Tolliver, Clarence

AU - Keeley, Alexander Ryota

AU - Managi, Shunsuke

PY - 2019/5/31

Y1 - 2019/5/31

N2 - The Paris Agreement under the United Nations Framework Convention on Climate Change and the Sustainable Development Goals (SDGs) of the United Nations Development Programme both entail substantial global investments through cost-efficient, long-term financing. Noted for their risk-alleviating features and appeal to institutional and socially responsible investors, green bonds are gaining prominence in climate change and sustainable development finance frameworks. This study is the first to thoroughly examine publicly reported green bond proceeds allocations from 53 organizations to projects and assets throughout 96 countries from 2008 to 2017. Green bond markets are growing rapidly, and yearly proceeds allocation trends reveal increasing disbursements to renewable energy, clean water, low-carbon transportation, and other Paris Agreement and SDG-related investment categories. Circle plot analysis reveals unique allocation trends to specific green sectors at both regional and national levels. International finance institutions allocated the largest share of proceeds by both frequency and volume, and the projects and assets financed with green bonds in this study sample are associated with over 108 million tonnes of carbon dioxide equivalent (tCO2e) in greenhouse gas emissions reductions and over 1500 gigawatts in renewable energy capacity. The study concludes with suggestions for improving green bond post-issuance reporting and provides insights for future green bond applications in expanding Paris and SDG agendas.

AB - The Paris Agreement under the United Nations Framework Convention on Climate Change and the Sustainable Development Goals (SDGs) of the United Nations Development Programme both entail substantial global investments through cost-efficient, long-term financing. Noted for their risk-alleviating features and appeal to institutional and socially responsible investors, green bonds are gaining prominence in climate change and sustainable development finance frameworks. This study is the first to thoroughly examine publicly reported green bond proceeds allocations from 53 organizations to projects and assets throughout 96 countries from 2008 to 2017. Green bond markets are growing rapidly, and yearly proceeds allocation trends reveal increasing disbursements to renewable energy, clean water, low-carbon transportation, and other Paris Agreement and SDG-related investment categories. Circle plot analysis reveals unique allocation trends to specific green sectors at both regional and national levels. International finance institutions allocated the largest share of proceeds by both frequency and volume, and the projects and assets financed with green bonds in this study sample are associated with over 108 million tonnes of carbon dioxide equivalent (tCO2e) in greenhouse gas emissions reductions and over 1500 gigawatts in renewable energy capacity. The study concludes with suggestions for improving green bond post-issuance reporting and provides insights for future green bond applications in expanding Paris and SDG agendas.

UR - http://www.scopus.com/inward/record.url?scp=85071620879&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85071620879&partnerID=8YFLogxK

U2 - 10.1088/1748-9326/ab1118

DO - 10.1088/1748-9326/ab1118

M3 - Article

AN - SCOPUS:85071620879

VL - 14

JO - Environmental Research Letters

JF - Environmental Research Letters

SN - 1748-9326

IS - 6

M1 - 064009

ER -