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Article

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

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Departamento de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia, Avenida 80 No. 65-223, Medellín 050034, Colombia
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Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia, Cra. 65 #59a-110, Medellín 050034, Colombia
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Departamento de Materiales y Minerales, Facultad de Minas, Universidad Nacional de Colombia, Avenida 80 No. 65-223, Medellín 050034, Colombia
*
Author to whom correspondence should be addressed.
Academic Editors: Leonardo Becchetti and Rocco Ciciretti
Sustainability 2021, 13(19), 10872; https://doi.org/10.3390/su131910872
Received: 13 August 2021 / Revised: 16 September 2021 / Accepted: 16 September 2021 / Published: 30 September 2021
(This article belongs to the Special Issue Sustainable and Responsible Investing)
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. View Full-Text
Keywords: green bonds; LAC; sustainability; sustainable finance; climate financing; green finance green bonds; LAC; sustainability; sustainable finance; climate financing; green finance
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MDPI and ACS Style

Mejía-Escobar, J.C.; González-Ruiz, J.D.; Franco-Sepúlveda, G. Current State and Development of Green Bonds Market in the Latin America and the Caribbean. Sustainability 2021, 13, 10872. https://doi.org/10.3390/su131910872

AMA Style

Mejía-Escobar JC, González-Ruiz JD, Franco-Sepúlveda G. Current State and Development of Green Bonds Market in the Latin America and the Caribbean. Sustainability. 2021; 13(19):10872. https://doi.org/10.3390/su131910872

Chicago/Turabian Style

Mejía-Escobar, Juan C., Juan D. González-Ruiz, and Giovanni Franco-Sepúlveda. 2021. "Current State and Development of Green Bonds Market in the Latin America and the Caribbean" Sustainability 13, no. 19: 10872. https://doi.org/10.3390/su131910872

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