Institutionalizing Credibility: A Digital Transparency Blueprint for Sovereign Climate Finance in Emerging Markets A Case Study of the Dominican Republic's 2024 Green Bond and the Mitigation of Greenwashing Risk
Duran Cornelio, Luis M.
This paper analyzes the Dominican Republic's 2024 sovereign green bond ($750M) as a case study for climate finance in emerging markets. The issuance achieved a 15-basis-point greenium, but faces a $17.6B+ funding gap for NDC targets. To mit…