FINANCING MECHANISMS THROUGH GREEN BONDS: STRUCTURE, MARKET DYNAMICS, AND POLICY IMPLICATIONS

Authors

  • Polvonnazarov Khamidbek Bakhtiyarovich Asia International University

DOI:

https://doi.org/10.55640/

Keywords:

green bonds; sustainable finance; use-of-proceeds; greenium; climate bonds; bond pricing; ESG investing; emerging markets; sovereign green bonds; Uzbekistan

Abstract

Green bonds have emerged over the past two decades as a principal fixed-income instrument for directing private capital toward environmentally sustainable investment. Despite their rapid proliferation — with global cumulative issuance surpassing USD 3.5 trillion by 2024 — the internal financing mechanics, structural typologies, and market efficiency characteristics of green bonds remain incompletely understood, particularly in the context of emerging economies. This study provides a systematic analysis of green bond financing mechanisms, encompassing issuance structures, use-of-proceeds frameworks, pricing dynamics (including the 'greenium' phenomenon), and post-issuance reporting obligations. The study further identifies critical structural vulnerabilities including proceeds tracking deficiencies, impact measurement heterogeneity, and the persistence of 'greenium erosion' in secondary markets.

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Published

2026-06-07

Issue

Vol. 5 No. 6 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

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Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

FINANCING MECHANISMS THROUGH GREEN BONDS: STRUCTURE, MARKET DYNAMICS, AND POLICY IMPLICATIONS. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(6), 393-398. https://doi.org/10.55640/

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