EVALUATION OF GREEN BOND IN TERMS OF ECOLOGICAL ECONOMIC THEORY

Abstract

With the changing ecological system and increasing energy need, economic goals are also changing direction. Environmental factors have gained importance in investments made to meet the energy needs of the developing industry and technology sector. In order to reduce the negative effects of industrialization, many countries turn to renewable energy sources. Market instruments are used in order for renewable energy to gain importance and become widespread. In this respect, the green bond, which is a market instrument, is important. The purpose of using this bond is to use renewable energy more actively and to encourage investments sensitive to ecological balance. In the study, the effects of green bonds on the market, which are examined within the framework of ecological economic theory, are discussed.

In the study, the use of green bonds and the increase rates of ecological investments were examined and their effects as an incentive policy were evaluated.