Uloga banaka na tržištu zelenih obveznica

undergraduate thesis

• Title (english): The role of commercial banks in the green bond market
• Author: Mia Lovrec
• Mentor: Ana Ivanišević Hernaus (mentor)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2024-07-05, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Zelene obveznice jedan su od instrumenata tržišta kapitala koji pomaže u financiranju održivog razvoja. Taj vrijednosni papir ima razne definicije s naglaskom na ulogu zelenih obveznica u financiranju zelenih projekata. Projekti financirani zelenim obveznicama provode se s ciljem smanjenja zagađenja prirodnog okoliša. Europski zeleni plan strategija je koja naglašava da su potrebne sveobuhvatne promjene za tranziciju prema klimatskoj neutralnosti, a u toj tranziciji sudjeluju i banke. Ispitivanje važnosti uloge banaka na tržištu zelenih obveznica cilj je ovog rada. Banke mogu diversificirati izvore financiranja izdavanjem zelenih obveznica ili se javljati u ulozi potpisnika izdanja. Klimatske promjene predstavljaju sistemski rizik koji bi se mogao ograničiti snažnim razvojem tržišta zelenih obveznica i ostvarenjem klimatske neutralnosti. Indukcijom se dokazuje da banke svojim poslovnim praksama mogu poticati ili usporavati razvoj tržišta zelenih obveznica.

Abstract (english)

Green bonds are a tool of the capital market which helps in financing sustainable development. These debt securities are defined in a number of ways which all point out that green bonds contribute to green project funding. Projects funded with green bonds could help lower pollution rates. The European Green Deal emphasizes that major changes are needed to transition to a climate neutral economy and banks are a part of this transition. Available literature suggests that commercial banks often act as underwriters and sometimes as emitents in the green bond market. Climate change is a systemic risk which could be mitigated by growing the green bond market and achieving climate neutrality. The author concludes by inductive reasoning that banks can both encourage and slow down the development of the green bond market depending on their business model.

• Keywords: banke; održive financije; zelene obveznice; tržište kapitala
• Keywords (english): commercial banks; sustainable finance; green bonds; capital market
• Language: croatian
• URN:NBN: urn:nbn:hr:148:912109
• Study programme: Title: /; Study programme type: professional; Study level: undergraduate; Academic / professional title: prvostupnik (baccalaureus) ekonomije/prvostupnica (baccalaurea) ekonomije (prvostupnik (baccalaureus) ekonomije/prvostupnica (baccalaurea) ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-07-08 20:48:15