Current State and Development of Green Bonds Market in the Latin America and the Caribbean

The green bonds market has had a growth in recent years within its different sectors and regions. Specifically, up to 2020, the Latin America and the Caribbean (LAC) region has issued USD 26 billion. Some authors have studied the factors influencing financing through green bonds. However, a research...

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Bibliographic Details
Published in:Sustainability 2021-10, Vol.13 (19), p.10872
Main Authors: Mejía-Escobar, Juan Camilo, González-Ruiz, Juan David, Franco-Sepúlveda, Giovanni
Format: Article
Language:English
Subjects:
Bond markets
Bonding
Carbon
Climate change
Government bonds
Infrastructure
Literature reviews
Municipal bonds
Project evaluation
Renewable resources
Scientometrics
Securities markets
Sustainability
Sustainable development
Taxation
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Summary:The green bonds market has had a growth in recent years within its different sectors and regions. Specifically, up to 2020, the Latin America and the Caribbean (LAC) region has issued USD 26 billion. Some authors have studied the factors influencing financing through green bonds. However, a research gap is identified in the analysis of the regions that contribute to the issuance of this type of bond, specifically for LAC. This is the first study to examine the variables such as issue amount, number and type of issuers, currency, and maturity data in the region using a dataset of issuing performed between 2014–2020. We find the typical sizes of the issues, the search for a premium in the issue, the perception of complexity, the issuance of guides, and tax incentives as the main factors affecting this market. Finally, the study presents the potential for further research.
ISSN:2071-1050
2071-1050
DOI:10.3390/su131910872