Seminars

The Market for Labelled Green Bonds: Empirical Trends & Regularities over the First Decade

Dr. David Broadstock

Assistant Professor
School of Accounting and Finance, Hong Kong Polytechnic University

Date: 28 April 2017 (Friday)
Time: 11:00 a.m. – 12:30 p.m.
Venue: Room B5-416, 5/F., Academic 1 (AC1), City University of Hong Kong, Kowloon Tong, Kowloon, Hong Kong
Organizer:

School of Energy and Environment
City University of Hong Kong

Abstract

The first labelled green bond was issued by the European Infrastructure Bank in 2007. By 2017 the Green Bond market has witnessed prodigious growth and attracts hundreds of billions of dollars of investment from all corners of the globe. In this paper we summarize the emergence of this novel financial instrument, which has really established itself since around 2014 within a credible market for global investors. Further, econometric methods are used to quantize the trends, both past and future, in this market when compared against the traditional (vanilla, or ‘black’) bond market. The results suggest that current trends will continue, but that key environmental factors such as political and financial uncertainty might influence the future vitality of the green bonds market.

About the Speaker

Dr. David Broadstock is an Assistant Professor of Economics in the School of Accounting and Finance at The Hong Kong Polytechnic University, where he also serves as Deputy Director [Economic Sustainability] in the department’s Center for Economic Sustainability and Entrepreneurial Research. David’s research interests cover various aspects of the empirical economics of energy and the environment, with a particular emphasis on consumer behavior. David has published in high ranked international journals spanning the fields of energy economics, transportation economics and financial economics including: The Energy Journal, Energy Economics, Energy Policy, The Journal of Cleaner Production, The International Journal of Sustainable Transportation, Transport Research Part A, the Journal of International Financial Markets, Institutions and Money and The British Accounting Review.

Enquiry: see.enquiry@cityu.edu.hk  (email), 3442 2412 / 3442 7359 (Tel.)

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