The Determinants of Green Bond Issuance in the European Union

Green bonds are a new financial tool that has developed rapidly in the context of climate change risks. Their proceeds used to finance only environmentally friendly projects. This paper aims examine determinant factors green issue European Union countries. Using linear regression, we explore impact environmental, social, governance, and macroeconomic indicators on level bond issues period 2014–2019. The results reveal rating, ESG index; fiscal balance, inflation rate, population have significant lead higher volume issuances. Our findings provide valuable insights into development market.