The growth of the green bond market: a qualitative analysis of the barriers and opportunities

Abstract

Despite the growing importance of green finance, green bonds currently account forless than 3% of the global bond-issue. As such, this paper aims to provide insights into the current status of the green bond market and its growth, focusing on the growth barriers and positive impacts of green bonds. This thesis is based on the literature available and on qualitative research in the form of in-depth interviews with a sample of eight experts in the field of green bonds. It concludes that current barriers can be solved, and that green bonds will become a significant part of the total bond market.