Journal of
Italian
Banking
Association

year 100
 

Archive » September 2016 » Green Bonds: new engagement for credibility in environmental finance

Green Bonds: new engagement for credibility in environmental finance

Aldo M. Romani
September 2016 - n. 9
Jel codes: G15, G18, G23, G28

The European Investment Bank pioneered the Green Bonds market in 2007 by issuing the first bond with a transparent allocation of proceeds to climate action. The Green Bonds market growth has indeed showed some limits of climate finance. There is a need for a higher degree of clarification and harmonisation, and green bond issuance is creating a framework within which bond markets can become the instrument of a broader collective action to increase the accountability of environmental finance.

Interested in this paper?
Buy the issue