Sovereign Green Bonds as a New Financial Instrument in Climate Finance For Türkiye


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Küçükaycan D.

İKTİSADİ VE İDARİ BİLİMLERDE AKADEMİKARAŞTIRMALAR, BULUT,Ömer Uğur, Editör, Yaz Yayınları, Afyonkarahisar, ss.91-121, 2023

  • Yayın Türü: Kitapta Bölüm / Mesleki Kitap
  • Basım Tarihi: 2023
  • Yayınevi: Yaz Yayınları
  • Basıldığı Şehir: Afyonkarahisar
  • Sayfa Sayıları: ss.91-121
  • Editörler: BULUT,Ömer Uğur, Editör
  • Eskişehir Osmangazi Üniversitesi Adresli: Evet

Özet

Green bonds are a new financial investment tool in
sustainable finance. The yield (revenue) from these bonds is
allocated to low-carbon and climate-friendly enclosure (i.e.
"green") financing. Government agencies, municipalities,
baggage and supranational organizations are among the issuers of
green bonds (Flammer, 2020: 95). For this purpose, it is aimed to
reveal the emergence of green veins in the corridor of states in
climate finance and to evaluate the usability of Sovereign Green
Bonds as a new financial instrument for Türkiye to continue
greening. In the study, the descriptive analysis method using the
textures obtained based on the theoretical literature evaluation
was used and a theoretical evaluation was made. Firstly, using
green bonds in state economy and its dominance in climateventilation are emphasized. Finally, Sovereign Green Bonds as a
new financial instrument in climate finance were explained and
the usability of Sovereign Green Bonds was evaluated to ensure
Türkiye's greening. In Türkiye studies are being carried out by the
Ministry of Treasury and Finance to issue Sovereign Green Bonds
in climate finance. The Treasury made the first green bond
issuance in the international capital markets on April 5, 2023. In
the event of a global fiscal recession, Sovereign Green Bond
could contribute to closing the market-based financing gap for
Türkiye.