Maio 2021 vol. 8 num. 2 - V Encontro Nacional de Economia Industrial e Inovação

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Green Transition in Emerging Countries: The Issuance of Green Bonds by Brazil and China

Green Transition in Emerging Countries: The Issuance of Green Bonds by Brazil and China

Deus, Juliana Lima de ; Crocco, Marco ; Silva, Fernanda Faria ;

Artigo completo:

Os títulos verdes surgiram como uma inovação financeira, mobilizando recursos incrementais para o financiamento a longo prazo de projetos focados em infraestrutura sustentável. Desde a COP-21, novas maneiras de se produzir e consumir, que mitiguem as mudanças ambientais e climáticas, têm sido enfatizadas e com isso vários países se comprometeram a aumentar sua participação no mercado de títulos verdes. O objetivo deste artigo é identificar as principais características e diferenças deste mercado no Brasil e na China, principalmente quanto aos setores em que os rendimentos são alocados. Para isso, foram utilizadas as informações sobre o montante emitido em títulos verdes certificados, da Climate Bonds Initiative. A China apresentou resultados mais expressivos quanto ao montante total emitido em títulos verdes certificados e à alocação setorial dos recursos. As características financeiras desse país associadas ao planejamento e às políticas nacionais bem coordenadas, têm contribuído para que os chineses tenham melhores resultados.

Artigo completo:

Green bonds had emerged as a financial innovation, mobilizing incremental resources for long-term financing of projects focused on building sustainable infrastructure. Since COP-21, new ways of producing and consuming, that mitigate environmental and climate change, have been emphasized and several countries committed themselves to increase their participation in the green bond market. The aim of this article is to identify the main characteristics and differences of the green bond market in Brazil and China, especially in terms of the sectors and the allocation of income. For this, information on the amount issued in certified green bonds, in the Climate Bonds Initiative database, was used. In terms of the total amount issued in certified green bonds and the allocation of resources by sector, China shows more significant results. This shows that the financial characteristics of this country associated with planning and well-coordinated national policies have contributed to Chinese having better results.

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Palavras-chave: Títulos Verdes; Finanças Verdes; Países Emergentes; Brasil; China.,

Palavras-chave: Green Bonds; Green Finance; Emerging Countries; Brazil; China,

DOI: 10.5151/v-enei-628

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Como citar:

Deus, Juliana Lima de; Crocco, Marco; Silva, Fernanda Faria; "Green Transition in Emerging Countries: The Issuance of Green Bonds by Brazil and China", p. 211-227 . In: Anais do V Encontro Nacional de Economia Industrial e Inovação (ENEI): “Inovação, Sustentabilidade e Pandemia”. São Paulo: Blucher, 2021.
ISSN 2357-7592, DOI 10.5151/v-enei-628

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