The Market of Green Bonds. An International Analysis of Public and Private Issuers in the Green Bond Market

Bachelor Thesis , 2020 , 51 Pages , Grade: 1,7

Economics - Finance

This thesis aims to analyse the Green Bond market and its protagonists in order to assess its long-term potential in financing the necessary changes on earth.

To ensure that readers without profound financial literacy can comprehend the paper, the second chapter gives an overview of the debt capital market instrument "bonds" and its main aspects. The tools used to assess the protagonists' international competitiveness as part of the international analysis are introduced here as well. The third part deals with "Green Bonds" in particular. It consists of important general information and a widespread market overview. Section four comprises the international market and competitiveness analyses of the main market players: the EU, United States and China (with Hong Kong SAR). A future prospect for the Green Bond market, based on the outcomes of a brief "expert interview" the author distributed among professionals working in the financial world, is given in chapter five. To round off the thesis, the sixth and final chapter forms the conclusion that draws a bow back to the introduction.

Inhaltsverzeichnis (Table of Contents)

• 1 Introduction
• 2 Fundamentals
  • 2.1 Bonds
  • 2.2 Public issuers
  • 2.3 Private issuers
  • 2.4 Tools for international analysis
• 3 The Green Bond Market
  • 3.1 Fundamentals
    • 3.1.1 Classification and assessment criteria
    • 3.1.2 Types of Green Bonds
    • 3.1.3 Evaluation of Green Bonds
  • 3.2 Overall market development
    • 3.2.1 Timeline
    • 3.2.2 Characteristics in numbers
    • 3.2.3 Market development in numbers
• 4 International analysis
  • 4.1 European Union
    • 4.1.1 Market segmentation by member states
    • 4.1.2 Public side
    • 4.1.3 Private side
    • 4.1.4 Summary
    • 4.1.5 Assessment regarding international competitiveness
  • 4.2 USA
    • 4.2.1 Public side
    • 4.2.2 Private side
    • 4.2.3 Summary
    • 4.2.4 Assessment regarding international competitiveness
  • 4.3 China
    • 4.3.1 Public side
    • 4.3.2 Private side
    • 4.3.3 Summary
    • 4.3.4 Assessment regarding international competitiveness
  • 4.4 Conclusion of international analysis
• 5 Outcomes
  • 5.1 SWOT-Analysis
  • 5.2 Future Prospect

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis aims to provide a comprehensive analysis of the green bond market, focusing on the role of both public and private issuers. The analysis explores the international landscape of the market, examining key regions such as the European Union, the USA, and China. The study investigates the market's growth, challenges, and future prospects.

• The role of public and private issuers in the green bond market.
• The international development and characteristics of the green bond market.
• A comparative analysis of the green bond market across different regions.
• The factors influencing the growth and challenges faced by the green bond market.
• The future outlook and potential trends in the green bond market.

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduction: This chapter introduces the topic of green bonds and their importance in financing sustainable development. It provides a general overview of the research objectives and the structure of the thesis.
• Chapter 2: Fundamentals: This chapter lays out the foundation for the thesis by defining key concepts like bonds, public issuers, private issuers, and tools for international analysis. This chapter provides the reader with the necessary background knowledge to understand the subsequent analysis of the green bond market.
• Chapter 3: The Green Bond Market: This chapter delves deeper into the characteristics and development of the green bond market. It discusses the classification and assessment criteria, types of green bonds, and evaluation methods. It also provides an overview of the market's overall development, including timelines, key numbers, and trends.
• Chapter 4: International Analysis: This chapter presents an in-depth analysis of the green bond market across three major regions: the European Union, the USA, and China. It examines the market segmentation, public and private issuer activities, and overall development in each region, while also assessing their international competitiveness.
• Chapter 5: Outcomes: This chapter analyzes the findings from the international analysis, presenting a SWOT analysis and exploring the future prospects of the green bond market. This chapter highlights key strengths, weaknesses, opportunities, and threats based on the insights from the research.

Schlüsselwörter (Keywords)

The key keywords for this thesis include green bonds, sustainable finance, public issuers, private issuers, international analysis, market development, green bond market, ESG, environmental, social, governance, climate finance, sustainable development goals, and international competitiveness.

• College: Wiesbaden University of Applied Sciences (Wiesbaden Business School)
• Course: Finance
• Grade: 1,7
• Author: Tilman Baunach (Author)
• Publication Year: 2020
• Pages: 51
• Catalog Number: V946299
• ISBN (eBook): 9783346286000
• ISBN (Book): 9783346286017
• Language: English
• Tags: Public, private, issuer, issuers, Green Bonds, Green, Bond, Green Bond Market, ESG, ESG Investing, International Analysis, Debt Capital Market, EU, China, USA, Sustainable Finance, Sustainability