Speaker
Description
The literature struggles to explain the success of green bonds: despite financial performances similar to traditional bonds, their popularity continues to grow. Furthermore, their impact on the ecological transition remains uncertain. This project aims to shed light on this paradox by examining the social construction of green bonds and their potential to transform the financial system. We will explore how green bonds are constructed and valued by different market players, and to what extent they can effectively contribute to financing the ecological transition. Five research questions will guide us, focusing on the actors involved, their interactions, the form of green bonds, the resulting governance regime, and their potential effectiveness. This project combines approaches from sustainable finance and social studies of finance. It is based on three case studies in Belgium, using a qualitative methodology to examine in depth the ‘fabric’ of green bonds. This innovative approach will make it possible to go beyond the limitations of the dominant quantitative studies in finance. The results will, in particular, make it possible to propose ways of improving the governance and impact of green bonds. On a theoretical level, this research will contribute to a better understanding of the social and institutional processes underlying the success of sustainable financial innovations, beyond purely financial aspects.
| If your abstract is not accepted for an oral presentation, would you be interested in presenting it as a poster instead? | No |
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| If accepted by the Scientific Board, I agree to have my presentation/poster and abstract published on the Belgian Climate Centre websites and social media. | Yes |
