Revisiting Development of the Green Bond Market: Evidence of the AHP Approach
Working paper
Title | Revisiting Development of the Green Bond Market: Evidence of the AHP Approach |
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Report Type | Working paper |
Authors | Tu, Chuc Anh (Author), Sarker, Tapan (Author) and Rasoulinezhad, Ehsan (Author) |
Institution of Origin | Griffith University |
Number of Pages | 18 |
Year | 2020 |
Publisher | Asian Development Bank Institute |
Place of Publication | Tokyo, Japan |
Web Address (URL) | https://www.adb.org/publications/revisiting-development-green-bond-market-evidence-ahp-approach |
Abstract | Green bonds (GBs) are a fresh and applicable financial instrument introduced with the purpose of funding environmental projects. In the last years, the development of GBs has shown that this is an effective investment channel for the purpose of protecting the environment. Viet Nam is an Asian economy that has been trying to establish and develop a GB market. We examine what are the most important factors influencing development of the GB market in Viet Nam. To this end, we use the analytic hierarchy process to analyze the opinions of experts. The main results reveal that the most important influencing factors are the legal framework for GB operations, monetary policies of Viet Nam’s central bank, and the official interest rate of GB. In other words, infrastructural and economic factors are the most important requirements to develop the current GB market in Viet Nam. We recommend establishing green regulations and green economic policies in the country to support the implementation of GBs in Viet Nam. |
Keywords | green finance, climate finance, green bond |
ANZSRC Field of Research 2020 | 350201. Environment and climate finance |
Public Notes | Report #1082. Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Vietnam Academy of Finance, Vietnam |
Griffith University | |
University of Tehran, Iran |
https://research.usq.edu.au/item/q7315/revisiting-development-of-the-green-bond-market-evidence-of-the-ahp-approach
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