Affiliation:
1. Dwijendralal College, India
2. University of Calcutta, India
Abstract
In the context of global emergence of green bond market to tackle the global issue of climate change, this study takes an initiative to highlight the world-wide present status of green bond as a support to tackle this kind of challenge and to achieve UN-specified sustainable development goals. This study is exploratory in nature. This study identified that China remained the largest emerging market issuer. China has issued more than $30 billion in green bonds each year since 2016. Considering the outcome of (COP – 27) held in Egypt in November 2022, it is of prime importance for every nation to focus on emergence of green bond market and thereby issuance of green bonds. Still green bond market is in nascent stage and potentially less liquid. It is the responsibility of the government of any nation to emphasize such a market for getting a sustainable green future.