Climate bond's characteristics in mitigating climate change: Second opinion perspective

Abstract

The objective of this paper is to analyze the characteristics of climate bonds used to mitigate climate change. Climate bonds are superior to green bonds as they are reviewed by the certified independent reviewer, while the green bonds are not. The research employed a qualitative approach with correlation test. The samples were all registered climate bonds. The results showed that climate bonds are dominantly based on USD and EUR currency, while the size is not related to the issuance period. Sectors for climate bond standards should be prepared well, due to many climate bonds have various characteristics.