Published Paper Details:

Climate change is accelerating, it is necessary that our society make a transition toward a green and low-carbon economy. One way to do so is through finance instrument that are tailored to fund low-carbon and climate-friendly projects. Such climate finance instrument can prove to be a distinguishing factor in how fast and how energized our society is to make the transition. An important tool in measuring the recent impact of climate change on financial markets has been the green bond. A green bond allows various parties whether countries or organizations to mobilize traditional debt investments into projects or assets that can help society adapt or alleviate climate change impacts. This study aims to study the effect, development and the growth of green bonds in Asia. The authors have utilized secondary data for the purpose of this research paper. This paper has been authored in Bengaluru, Karnataka, India. The geographic limitation of this paper is Asia. Green finance is still at an early stage in ASIAN countries and it faces several critical challenges. These challenges exist both for issuers of green bonds and investors. Two distinct challenges that have been found in the paper for issuers include limited credit retention limit and costs of meeting green bond requirements. The green bond market is going to grow at a rapid rate due to the ambitious renewable energy goals that the asian countries have set for themselves.