Green Bonds: A Mini-Review

19 Pages Posted: 10 Mar 2020

See all articles by Wadima Al Mheiri

Wadima Al Mheiri

affiliation not provided to SSRN

Haitham Nobanee

University of Oxford; Abu Dhabi University; University of Liverpool

Date Written: February 15, 2020

Abstract

The globalization process continues to threaten various sectors due to the associated adverse effects of climate change. Financial management has been found to have a positive correlation with sustainable practice. With many institutions increasingly expressing concerns about the reality of global warming, sustainability has become a critical tool in responding to climate changes. The objective of this mini literature review was to explore the published literature to comprehend the role of green bonds in aiding sustainability. The articles used for the analysis were obtained from two sets of databases. Twenty publications were retrieved from Scopus, an online repository with thousands of scholarly references, while the remaining five were obtained from the SSRN database. The findings revealed that green bonds are obviously used by various agencies to achieve sustainable growth, thus addressing the problem of climate change. Notably, the effective execution of financial management has the potential to enhance sustainable business operations. Critical to achieving this objective is the issuance of green bonds to finance ecologically sound projects. Nonetheless, the feasibility of green bonds in contributing to sustainability is undermined by several challenges. Some of the significant impediments include the absence of appropriate organizational arrangements, the high cost of processing transactions, and the considerable volatility clustering. The role of green bonds in aiding sustainability can be significantly improved by addressing these critical limitations.

Suggested Citation

Al Mheiri, Wadima and Nobanee, Haitham and Nobanee, Haitham, Green Bonds: A Mini-Review (February 15, 2020). Available at SSRN: https://ssrn.com/abstract=3538790 or http://dx.doi.org/10.2139/ssrn.3538790

Wadima Al Mheiri

affiliation not provided to SSRN

Haitham Nobanee (Contact Author)

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Abu Dhabi University ( email )

Abu Dhabi
United Arab Emirates

University of Liverpool ( email )

Chatham Street
Liverpool, L69 7ZA
United Kingdom

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