Factors Affecting Green Bond Issuance in Asia

Green corporate bonds are corporate bonds issued to invest in environmental protection projects according to the provisions of the Law on Environmental Protection. With the data range being the amount of green bonds issued by Asia-Pacific Countries in the period 2012-2020, we see that the economic value created per unit of CO2 and total national energy use is increasing while a decrease in inflation rate will increase the amount of bond issued. In addition, the legal corridor, strict environmental regulations, the Government's management mechanism and macroeconomic stability are factors that have an indirect but strong impact on the effectiveness of green bond issuance. Therefore, setting the goal of managing the financial market of the economy, the legal corridor for environmental regulations and bond issuance needs to be standardized and flexible, and policies issued need to be carefully researched. Impact the market. In addition, the government needs to avoid sudden policy changes that make investors feel insecure, and market fluctuations will have a strong and lasting impact on the macroeconomic stability of the economy.