Increasing Importance for Green Bonds with an Increase in Global Warming

Abstract

Global warming has affected the whole world negatively as it is experiencing uncertainty in weather. It is the long-term warming of the Earth’s climate system that has been seen since pre-industrial times (between 1850 and 1900). Human activities and the combustion of fossil fuels contribute to global warming by increasing heat-trapping greenhouse gas levels in the Earth’s atmosphere. Although the phrases are commonly interchanged, the latter refers to both man-made and natural warming, as well as the consequences for our world. It’s generally calculated as the average increase in the Earth’s global surface temperature. To save the mother earth and to save themselves from the negative impacts of global warming, many countries have started taking initiatives of which green finance is the one. Many countries have started issuing green bonds. The bonds that are issued to raise money to be used in climate and environmental projects. This paper is written to define the importance of green finance for the world’s environment. It will describe how the term green finance emerged and the status of different countries. The paper is based on secondary data only collected by accessing various online sources.