Balkanlar, Avrupa ve Dünya Penceresinden Türkiye’nin Yeşil Tahvil Performansı

Abstract

Purpose – The climate crisis is escalating on a daily basis, posing a significant threat to both daily life and the future. To mitigate this threat, it is essential to allocate financial resources to sustainable and environmentally friendly initiatives.In this study, the focus is on analysing green bond issuances in Türkiye. The objective is to ascertain the share and importance of green bond issuances in Türkiye on a global scale, in terms of total issuance size.

Design/data/methodology – This research utilises the statistical data on green bond issuance as published by the Climate Bonds Initiative. The scope of the data encompasses all issuances made until the conclusion of 2023. The study employs a comparative analysis, whereby Türkiye's green bond issuance volume is evaluated in the context of issuances in the Balkan region, European nations, as well as the global aggregate.

Findings – As indicated by the data provided by Climate Bonds Initiative, Türkiye is among the 96 countries worldwide in which the issuance of green bonds has been observed. With regard to the size of the issuance, Türkiye is positioned second among Balkan countries, 22nd among European countries, and 45th worldwide.

Originality/value – It is considered that the literature on climate and green bond issuance in Türkiye is still developing and the number of academic studies in this area is low. This study is considered to have a unique value in terms of enabling comparisons between Balkan countries, European countries and the world in general, and also providing the opportunity to make inferences in terms of the global scale of green bond issuance.