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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3935| Title: | Green Bonds and Greenium |
| Authors: | Majmudar, Utkarsh |
| Keywords: | Climate crisis Floods Ghoromara island IPCC Glasgow Summit Green bonds JSW Hydro Energy Ltd (JSWHEL) Greenium Climate Bonds Initiative Financial sector bonds Environment World Bank ICMA |
| Issue Date: | Dec-2021 |
| Publisher: | The Financial Research and Trading Laboratory (FRTL), IIM Calcutta |
| Abstract: | The climate crisis is upon us. Floods in Chennai, forest fires in Australia and droughts in South Africa, ice melting faster in Greenland, Ghoromara island disappearing due to rising water levels. All these are due to the rise of greenhouse gases. To mitigate the impact of climatic changes, governments worldwide came together in Paris in 2015 and agreed to limit global warming to 1.5 degrees Celsius. The recent IPCC report (IPCC, 2021)has painted a rather grim picture for the planet. The Glasgow Summit (UNFCC, 2021) held in November 2021 has shown urgency is needed to tackle the climate crisis. Technology and finance are two essential weapons in this fight. Since a largescale transition to lower greenhouse gas emissions is required, large sums of money are needed to bring about this transition. This article looks at green bonds used to finance this transition. It also looks at greenium, a premium for green bonds that recently attracted significant interest. |
| Description: | Biosketch: Utkarsh Majmudar is a professional with over two decades of experience encompassing teaching, research and administration at premier business schools in India (IIM Bangalore, IIM Lucknow, IIM Udaipur etc.) and working with large corporations in India at GE Capital, iGATE and HSBC. Apart from finance, he has done significant work in the area of sustainability – conducting an annual study of the performance of companies on corporate responsibility, working with large companies, publishing cases on sustainability, and writing extensively on the theme. He has co-authored two books. The second book, Shift: Decisions for a Net Zero World, was released recently. Utkarsh is a member of the Board of Governors at IIM Raipur |
| URI: | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3935 |
| Appears in Collections: | Issue 3, December 2021 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Green Bonds and Greenium.pdf | Green Bonds and Greenium | 22.44 MB | Adobe PDF |  View/Open |
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