A STUDY ON MACROECONOMIC FACTORS INFLUENCING GREEN BONDS IN INDIA
インドにおけるグリーンボンドに影響を与えるマクロ経済要因に関する研究 (AI 翻訳)
null Bellary Gayathri, null Dr Jahnavi M
🤖 gxceed AI 要約
日本語
本研究は、インドのグリーンボンド発行に影響を与えるマクロ経済要因（GDP成長、インフレ、金利、ESGスコア、格付け）を分析。クリーン交通、再生可能エネルギー、廃棄物・水管理が主要な投資先であり、GDP成長は正の影響、インフレは負の影響を与えることを発見。SEBIの規制やグリーンボンド原則の遵守にもかかわらず、グリーンウォッシングや政策の不整合などの課題が残る。
English
This study analyzes macroeconomic factors influencing green bond issuance in India, including GDP growth, inflation, interest rates, ESG scores, and credit ratings. Clean transportation, renewable energy, and waste & water management are top sectors. GDP growth positively affects issuance, while inflation deters it. Despite SEBI regulations and Green Bond Principles, challenges like greenwashing and policy inconsistencies persist.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドのグリーンボンド市場に焦点を当てた研究であり、日本のGX文脈では直接的な示唆は限られるが、新興国におけるグリーンボンド発行のマクロ要因を理解する上で参考になる。日本のグリーンボンド市場との比較や、アジア地域の共通課題（グリーンウォッシング、ESG評価の標準化）を考察する際に有用。
In the global GX context
This paper provides country-specific insights into India's green bond market, contributing to the global understanding of macroeconomic drivers in emerging economies. It highlights challenges like greenwashing and policy inconsistencies that are relevant to global green finance discussions, especially for markets developing green bond frameworks.
👥 読者別の含意
🔬研究者:Provides empirical evidence on macroeconomic determinants of green bond issuance in an emerging market context.
🏢実務担当者:Offers insights into factors affecting investor confidence and sectoral trends for green bond issuers in India.
🏛政策担当者:Highlights the role of GDP growth, inflation, and ESG standards in shaping green bond markets, useful for regulatory design.
📄 Abstract（原文）
Green bonds have emerged as a critical financial instrument to fund environmentally sustainable projects, aligning with global efforts to combat climate change and promote green infrastructure. This study examines the macroeconomic factors influencing green bond issuance in India, focusing on key determinants such as GDP growth, inflation, interest rates, ESG scores, and bond ratings. By analysing sectoral trends in green finance, the study identifies clean transportation as the leading recipient of green bond investments, followed by renewable energy and waste & water management. The research employs a quantitative approach, utilizing regression and correlation analysis to assess the impact of macroeconomic variables on green bond issuance. The findings suggest that GDP growth has a positive influence, while inflation acts as a deterrent. ESG scores and credit ratings significantly affect investor confidence, with well-governed firms attracting higher investments. Despite regulatory advancements by SEBI and adherence to Green Bond Principles (GBP), challenges such as greenwashing risks, policy inconsistencies, and market volatility persist. The study concludes that green bonds hold immense potential to support India's transition toward a low carbon economy, macroeconomic stability is ensured. Encouraging standardization in ESG assessments, enhancing transparency, and incentivizing underfunded sectors like waste management can further accelerate the growth of green finance. The research contributes to the existing literature by providing country-specific insights into India’s green bond market and offering findings to enhance its effectiveness in sustainable financing. Keywords: Green bonds, Environmentally Sustainable Projects, India’s Green Bond Market, Sustainable Development Goals, Green Finance, ESG Scores, Macroeconomic factors, Climate change, GDP growth, Sustainable financing.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.36713/epra22865first seen 2026-05-05 19:07:06
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