Issue |
BIO Web Conf.
Volume 130, 2024
International Scientific Conference on Biotechnology and Food Technology (BFT-2024)
|
|
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Article Number | 08026 | |
Number of page(s) | 11 | |
Section | Food and Agriculture Organization | |
DOI | https://doi.org/10.1051/bioconf/202413008026 | |
Published online | 09 October 2024 |
Green bond market in Kazakhstan: Problems and prospects
1 Almaty Humanitarian-Economic University, Zhandosova str. 59, Almaty, Republic of Kazakhstan
2 Eurasian Technological University, 050012, 109B Tole Bi str., Almaty, Republic of Kazakhstan
3 Narkhoz University. 050057, 55, Zhandosova str., Almaty, Republic of Kazakhstan
* Corresponding author: darkhano@inbox.ru
JSC “Entrepreneurship Development Fund “Damu” with the support of the United Nations Development Program (UNDP) for the first time in Kazakhstan placed “green” bonds in the IFCA trading system in August 2020. The issue was a debut: previously, Kazakh issuers did not issue green bonds. The authors of this research paper made an attempt to understand the relevance of this event, how the placement of “green” bonds will affect the economy of Kazakhstan, what are the prospects of these debt instruments.ьIt should be noted that “green” bonds were immediately sold out, whether this indicates the popularity and profitability of these debt instruments in Kazakhstan, because the Kazakh stock market itself is not so well developed. On the other hand, green bonds do not differ much from ordinary debt instruments in terms of yield and terms of issue. What makes them special is the purpose for which they are issued - to attract financing for “green” investment projects related, for example, to renewable energy, energy efficiency, environmentally friendly transportation, etc.
Key words: “Green” bonds / green financing / green banking / green investment projects / eco-investments / green bond market / ecology and environmental protection
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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