Revisiting Development of the Green Bond Market: Evidence of the AHP Approach

Tu, Chuc Anh and Sarker, Tapan ORCID: https://orcid.org/0000-0002-0682-2940 and Rasoulinezhad, Ehsan (2020) Revisiting Development of the Green Bond Market: Evidence of the AHP Approach. Working Paper. Asian Development Bank Institute , Tokyo, Japan. [Report]


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.


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Item Type: Report (Working Paper)
Item Status: Live Archive
Additional Information: Report #1082. Files associated with this item cannot be displayed due to copyright restrictions.
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 04 May 2022 05:50
Last Modified: 31 Aug 2022 21:45
Uncontrolled Keywords: green finance, climate finance, green bond
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350201 Environment and climate finance
Socio-Economic Objectives (2020): 19 ENVIRONMENTAL POLICY, CLIMATE CHANGE AND NATURAL HAZARDS > 1903 Mitigation of climate change > 190301 Climate change mitigation strategies
URI: http://eprints.usq.edu.au/id/eprint/47741

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