About Tapan SarkerTapan Sarker is an associate professor at Griffith Business School, Griffith University, Australia.
Green bonds (GBs) are being used around the world as a financial tool for raising capital for projects that can benefit the environment (World Bank 2019). The money raised by GB issuances can fund investment in programs that enhance adaptation and mitigate the effects of climate change, such as projects for clean energy, public transport, and clean water. The GB concept was proposed by the World Bank in its Strategic Framework on Development and Climate Change in 2008 to help countries around the world raise capital for strategies for solving the problems of air pollution and global climate change (Trang 2015).
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