Comparative Studies of Green Bonds Investment in the United States and Europe: Responding to Social Concern on Climate Change
Main Article Content
Abstract
The oil and gas industry’s responsibilities regarding climate change are still debated on both sides of the Atlantic. Despite this debate, two-thirds of carbon dioxide emissions into the atmosphere are released from oil and gas related industries. In order to keep rising temperature down to Paris climate targets, global oil companies face numerous difficulties because they require larger investments to develop new technologies for a broader energy mix. Studies show that climate change is the biggest risk in terms of impacts on the global economy. Realizing the truth, some countries have already managed to break the link between economic growth and carbon dioxide emissions, but more decisive policies are needed to break the link by capable economies such as the United States and Europe. In that context, this paper explores the recent green investment trends in the US and Europe to see how public opinion influences green investment to reduce climate change risks. This study focuses on green bond investment, describing its progress and variation from 2016 to 2019in the United States and Europe. I use Excel spreadsheets to give graphical and numerical output in descriptive analysis. In conclusion, I found that public opinion on climate change significantly influenced green bond investment in both the US and Europe.
Downloads
Metrics
Article Details
Licensing
TURCOMAT publishes articles under the Creative Commons Attribution 4.0 International License (CC BY 4.0). This licensing allows for any use of the work, provided the original author(s) and source are credited, thereby facilitating the free exchange and use of research for the advancement of knowledge.
Detailed Licensing Terms
Attribution (BY): Users must give appropriate credit, provide a link to the license, and indicate if changes were made. Users may do so in any reasonable manner, but not in any way that suggests the licensor endorses them or their use.
No Additional Restrictions: Users may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.