Issue |
E3S Web of Conf.
Volume 389, 2023
Ural Environmental Science Forum “Sustainable Development of Industrial Region” (UESF-2023)
|
|
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Article Number | 04003 | |
Number of page(s) | 12 | |
Section | Land Management, Soil and Cadastres | |
DOI | https://doi.org/10.1051/e3sconf/202338904003 | |
Published online | 31 May 2023 |
Green bonds’ social license: Singapore case
Moscow State Institute of International Relations (MGIMO University), Vernadskogo avenue 76, 119454, Moscow, Russia
* Corresponding author: kseniia.onufrienko@gmail.com
Green bonds are a viable tool for upturning the established energy producing principles from upside down, based upon the efforts applied from bottom-up rather than the traditional regulatory approach. The intention of this paper is to evaluate the validity and the efficiency of this mechanism in order to compose a scenario of its most probable future sophistication. The outcome seems to be quite promising, regardless of some downfalls on the way, however, the specifications of inflexible fossil fuel-based economies may not allow this mechanism into play that easily. One of the possible solutions in that case could be suggested by the progressive Singaporean framework, supporting green bonds’ advances comprehensively by incentivizing their presence in a hybrid manner both on legislative level and socially. The efficacy of such approach could be proven by time only in the long run, yet the current developments suggest for it to be one of the best practices worthy of reception not only by the energy recipients, but also by the energy producers with customized modifications along the way.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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