DOMETI I OGRANIČENJA ZELENOG FINANSIRANJA – NIJANSE „OZELENJAVANJA“ TRŽIŠTA
SCOPE AND LIMITATIONS OF GREEN FINANCING THE GREEN OF GREENING THE MARKET

Author(s): Miloš Grujić, Tijana Šoja
Subject(s): Economy, Energy and Environmental Studies
Published by: Finrar d.o.o Banja Luka
Keywords: green bonds; institutional investors; green bond market; bonds; green financing; financing projects;
Summary/Abstract: Green bonds are an innovation in the financial market financing projects with a positive impact on the environment. Companies from the public, financial and private sectors issue green bonds in order to increase their energy efficiency, improve the use of renewable energy sources etc. The paper points out the current state and prospects of development of the green bond market. The regulatory framework of green bonds is described. This framework is still based on initiatives and instructions that are voluntary, ie not a legal obligation, but only a recommendation in the process of issuing bonds. The aim of this paper is to analyze the risks and investment potential of institutional investors in green bonds. The paper analyzes the potential and risks of further development of green bonds in financial markets. Current trends in financial markets, participants in the green bond market and the risk and return profile of green bonds are analyzed, emphasizing the possibilities for exploiting the range and limitations offered by the instruments. Most of the data sources include content available online, primarily expert articles, analyzes, and documents and reports of relevant international financial institutions that determine the purposes of green bonds. The conclusion points to the need for further development of the green bond market and directing the operations of financial institutions in the direction of creating new green products and services.

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