Abstract
Purpose- Green bonds (climate bonds) are borrowing instruments issued by the public sector, private sector or multilateral organizations to finance climate-friendly projects and environmental projects. In this study, the green bond market and providing information about the situation in Turkey is intended to advise on the development in Turkey. Methodology- In the light of the research and findings, the situation was determined. Findings- Turkey's first green bonds, issued in 2016, although the green bond market is not yet at the desired level. Conclusion- There are a variety of potential financing tools for renewable energy. Among these alternatives, green bonds have a significant position. In the study, it was informed about the status of the green bond market in Turkey and some suggestions were made to address these market needs to be done for further development.
Keywords
References
- Chiang, J. (2017), Growing The U.S. Green Bond Market Volume 1: The Barriers and Challenges, California State Treasurer Report.
- Duru, U. ve Anthony N. (2016). Why Africa Needs Green Bonds, Africa Economic Brief, 7(2): 1-7.
- ICMA - International Capital Market Association (2017), Green Bond Principles 2017,(Erişim Tarihi: 19.09.2019), https://www.icmagroup.org/assets/documents/Regulatory/Green-Bonds/GreenBondsBrochure-JUNE2017.pdf.
- Jun, M., Christopher, K., Sean, K. ve Nicholas, P. (2016), Green Bonds: Country Experiences, Barrıers and Options, G20 Green Finance Study Group Report, (Erişim Tarihi: 16.09.2019), http://unepinquiry.org/wp-content/uploads/2016/09/6_Green_Bonds_Country_Experiences_Barriers_and_Options.pdf.
- Kandır, S.Y. ve Yakar, S. (2017).Yeşil Tahvil Piyasaları: Türkiye’de Yeşil Tahvil Piyasasının Geliştirilebilmesi İçin Öneriler,Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 26(2), 159-175.
- Krupa, J. ve Danny H. (2017). Renewable Electricity Finance in The United States: A State-of-The-Art Review, Energy, 135, 913-929.
- Kuloğlu, E. ve Öncel, M. (2015). Yeşil Finans Uygulaması ve Türkiye’de Uygulanabilirliği, Gazi Üniversitesi Sosyal Bilimler Dergisi, 2(2), 1-19.
- Ng, T.H. ve Tao, J.Y. (2016). Bond Financing for Renewable Energy in Asia, Energy Policy, 95, 509-517.
- OECD (2015), Green Bonds Mobilising the Debt Capital Markets for a Low Carbon Transition, OECD Report, (Erişim Tarihi: 20.09.2019), https://www.oecd.org/environment/cc/Green%20bonds%20PP%20%5Bf3%5D%20%5Blr%5D.pdf
- Shishlov, I., Romain M. ve Ian C. (2016). Beyond Transparency: Unlocking the Full Potential of Green Bonds, Institute for Climate Economics Report, (Erişim Tarihi: 20.09.2019), https://www.i4ce.org/download/unlocking-the-potential-of-green-bonds/
Abstract
Amaç- Yeşil tahviller (iklim tahvilleri), kamu kesimi, özel sektör veya çok taraflı kuruluşlar tarafından iklim dostu projeler ile çevre projelerini finanse etmek amacıyla çıkarılan borçlanma araçlarıdır. Bu çalışmada, yeşil tahvil piyasası ve Türkiye’deki durumu hakkında bilgi vererek Türkiye’deki gelişimine yönelik tavsiyelerde bulunmak amaçlanmıştır. Yöntem- Araştırma ve bulgular ışığında durum tespiti yapılmıştır. Bulgular- Türkiye’ de ilk yeşil tahvil, 2016 yılında ihraç edilmiş olmasına rağmen yeşil tahvil piyasası henüz istenen düzeyde değildir. Sonuç- Yenilenebilir enerji kaynaklarının finansmanı için kullanılabilecek çeşitli finansman yöntemleri bulunmaktadır. Bunların içerisinde yeşil tahviller önemli bir yer tutmaktadır. Çalışmada, Türkiye’de yeşil tahvil piyasasının durumu hakkında bilgi verilmiş ve bu piyasanın daha fazla gelişmesi için yapılması gerekenlere yönelik önerilerde bulunulmuştur.
References
- Chiang, J. (2017), Growing The U.S. Green Bond Market Volume 1: The Barriers and Challenges, California State Treasurer Report.
- Duru, U. ve Anthony N. (2016). Why Africa Needs Green Bonds, Africa Economic Brief, 7(2): 1-7.
- ICMA - International Capital Market Association (2017), Green Bond Principles 2017,(Erişim Tarihi: 19.09.2019), https://www.icmagroup.org/assets/documents/Regulatory/Green-Bonds/GreenBondsBrochure-JUNE2017.pdf.
- Jun, M., Christopher, K., Sean, K. ve Nicholas, P. (2016), Green Bonds: Country Experiences, Barrıers and Options, G20 Green Finance Study Group Report, (Erişim Tarihi: 16.09.2019), http://unepinquiry.org/wp-content/uploads/2016/09/6_Green_Bonds_Country_Experiences_Barriers_and_Options.pdf.
- Kandır, S.Y. ve Yakar, S. (2017).Yeşil Tahvil Piyasaları: Türkiye’de Yeşil Tahvil Piyasasının Geliştirilebilmesi İçin Öneriler,Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 26(2), 159-175.
- Krupa, J. ve Danny H. (2017). Renewable Electricity Finance in The United States: A State-of-The-Art Review, Energy, 135, 913-929.
- Kuloğlu, E. ve Öncel, M. (2015). Yeşil Finans Uygulaması ve Türkiye’de Uygulanabilirliği, Gazi Üniversitesi Sosyal Bilimler Dergisi, 2(2), 1-19.
- Ng, T.H. ve Tao, J.Y. (2016). Bond Financing for Renewable Energy in Asia, Energy Policy, 95, 509-517.
- OECD (2015), Green Bonds Mobilising the Debt Capital Markets for a Low Carbon Transition, OECD Report, (Erişim Tarihi: 20.09.2019), https://www.oecd.org/environment/cc/Green%20bonds%20PP%20%5Bf3%5D%20%5Blr%5D.pdf
- Shishlov, I., Romain M. ve Ian C. (2016). Beyond Transparency: Unlocking the Full Potential of Green Bonds, Institute for Climate Economics Report, (Erişim Tarihi: 20.09.2019), https://www.i4ce.org/download/unlocking-the-potential-of-green-bonds/
Details
| Primary Language | Turkish |
|---|---|
| Subjects | Finance, Business Administration |
| Journal Section | Articles |
| Authors | |
| Publication Date | December 30, 2019 |
| Published in Issue | Year 2019 Volume: 10 Issue: 1 |
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