INNOVATIVE FINANCIAL INSTRUMENTS AND THEIR EFFECT ON THE SUSTAINABLE DEVELOPMENT OF THE ECONOMY Cover Image

ИНОВАТИВНИ ФИНАНСОВИ ИНСТРУМЕНТИ И ЕФЕКТА ИМ ВЪРХУ УСТОЙЧИВОТО РАЗВИТИЕ НА ИКОНОМИКАТА
INNOVATIVE FINANCIAL INSTRUMENTS AND THEIR EFFECT ON THE SUSTAINABLE DEVELOPMENT OF THE ECONOMY

Author(s): Rumen Angelov
Subject(s): Economy, Supranational / Global Economy, Energy and Environmental Studies, Financial Markets
Published by: Бургаски свободен университет
Keywords: Climate (Green) Bonds; New Financial Instruments; Green Instruments
Summary/Abstract: Climate (green) bonds are becoming more common as a green finance tool. Like most green instruments, they do not represent a fundamentally new financial instrument. The project's environmental assessment is the additional „green“component in issuing such types of securities along with the essential characteristics such as coupon payments, price and maturity. The first issuer of such bonds was the International Bank for Reconstruction and Development in 2007. Subsequently, the interest in issuing green bonds has increased, and the issuers of such bonds are a considerable number of commercial and non-commercial companies, international organizations and countries

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