<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Subject and purpose of work:</bold> The purpose of the study was to identify the areas of activity of the local authorities in the context of the implementation of public tasks that could be financed with funds from the issue of the so-called green bonds.
<bold>Materials and methods:</bold> T he m ain r esearch method w as c ritical a nalysis of documents (using document of a normative nature and of various ranks) and the literature on broadly defined public finance and financial market issues. The individual case method, as well as inductive and deductive reasoning were also supportive in achieving the purpose of the study.
<bold>Results:</bold> The study presents areas related to the provision of public services and identifies those of them which represent negative environmental impact. The identified characteristics of public task entities included provide the premise for answering the question: will an instrument such as the ‘green bonds’ constitute a secure source of funding? The study shows the evolution of legislative changes relevant to the implementation of environmentally sustainable projects while presenting the benefits of their implementation.
<bold>Conclusions:</bold> The conclusions indicate the benefits of financing investments with funds from the issue of ‘green bonds’ for the budget of the local authority, the issuer and the bondholders.
</abstract>

Subject and purpose of work: The purpose of the study was to identify the areas of activity of the local authorities in the context of the implementation of public tasks that could be financed with funds from the issue of the so-called green bonds.
Materials and methods: T he m ain r esearch method w as c ritical a nalysis of documents (using document of a normative nature and of various ranks) and the literature on broadly defined public finance and financial market issues. The individual case method, as well as inductive and deductive reasoning were also supportive in achieving the purpose of the study.
Results: The study presents areas related to the provision of public services and identifies those of them which represent negative environmental impact. The identified characteristics of public task entities included provide the premise for answering the question: will an instrument such as the ‘green bonds’ constitute a secure source of funding? The study shows the evolution of legislative changes relevant to the implementation of environmentally sustainable projects while presenting the benefits of their implementation.
Conclusions: The conclusions indicate the benefits of financing investments with funds from the issue of ‘green bonds’ for the budget of the local authority, the issuer and the bondholders.

Green Bonds as an Opportunity to Rationalise Local-Government Finances

Institute of Economics and Finance, Department of Public Finance, Banking and Law

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Green Bonds as an Opportunity to Rationalise Local-Government Finances"}

Subject and purpose of work: The purpose of the study was to identify the areas of activity of the local authorities in the context of the implementation of...

Green Bonds as an Opportunity to Rationalise Local-Government Finances

Published Online: Sep 28, 2022

Page range: 323 - 335

Received: Jul 01, 2022

Accepted: Jul 01, 2022

DOI: https://doi.org/10.2478/ers-2022-0022

Keywords
local authorities, finance, rationalisation, municipal company, green bonds

© 2022 Anna Milewska, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Green Bonds as an Opportunity to Rationalise Local-Government Finances

Published Online: Sep 28, 2022

Page range: 323 - 335

Received: Jul 01, 2022

Accepted: Jul 01, 2022

DOI: https://doi.org/10.2478/ers-2022-0022

Keywordslocal authorities, finance, rationalisation, municipal company, green bonds

© 2022 Anna Milewska, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
local authorities, finance, rationalisation, municipal company, green bonds