Highlights
TASK:
Statement of Topic: With the surge in global worming and other climate changes, many parts of the world are specially affected. I want to explore and research on Green bonds to tackle or at least mitigate the climate crisis as well as how the funding is affecting the developing countries. Again I am willing to explore how the climate changes are impacting Australian agriculture and commodity sector.
Why is the problem relevant as well as interesting: The current world is experiencing an unprecedented kind of climate related disaster. The weather is changing rapidly. Many low-lying countries in the world are on the verge of being underwater due to the rising sea levels. Global sea levels are rising by 3.2 millimeters a year while the rate is accelerating as time is passing by. Rain and snowfall are increasing while some regions are experiencing severe drought, loss of drinking water, loss of crops according to National Geographic. Australia experienced one of the worst droughts in 120 years in Murray-Darling basin region according to abc news. Australia just faced one of the worst bushfire last Summer. In order to curb the situation, we need an unified effort and fund. There is no alternative to development. But we have to make sure the development is sustainable. We will progress, but at the same time we have to make sure the future generations will have the same livable world.
Review of Literature: There are several papers already published dealing with Green bonds and funding to mitigate the climate crisis. I want to explore how the Green bonds are doing in different market across the globe based on their level of danger due to the climate crisis. Again , I want to explore if the funding is really helping developing countries mitigate the climate crisis or is it not doing enough due to the lack of appropriate efficiency and transparency. Again there are journals on how climate change is impacting on Australia’s agricultural and commodity production. Under the umbrella of the United Nations Framework Convention on Climate changes, the developed industrialized countries reached an agreement to make it up for the rising cost to mitigate climate changes in the developing and underdeveloped countries.
Methodology: Information related to official monetary assistance, foreign direct investment and data of the performance of Green bonds in different markets will be used to analyze the research finding. Appropriate data can be collected from different website, journals, books, government publications will be very helpful for the research.
Appropriate research methodology will be used to reach a conclusion of the research work.
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