The Political Economy of Green Bonds in Emerging Markets

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Addressing climate change through low-carbon transitions presents significant challenges, particularly in South Africa's stalled green bond market. The book critiques the assumptions behind green bonds, explores barriers to their adoption in emerging markets, and examines the political economic dynamics of transitioning from a fossil-based economy. It highlights the tension between 'green' and 'just' transitions, arguing that the limited use of green bonds reflects their failure to meet the diverse needs of South Africa's complex transition landscape. This work offers valuable insights into finance-led transitions in emerging markets.