OPPORTUNITIES FOR APPLYING GREEN MORTGAGE-BACKED SECURITIES
DOI:
https://doi.org/10.60078/2992-877X-2025-vol3-iss12-pp35-46Abstract
The article examines the role of green bonds and their subtype, green mortgage-backed securities, in the global financial market, as well as the prospects for their application in Uzbekistan. Green bonds are increasingly used as an important financial instrument that enables investors to channel funds into environmentally sustainable projects. In the United States, green mortgage-backed securities issued by major agencies play a leading role in financing the energy-efficient housing market. The experience of Europe, Canada, and Australia likewise demonstrates the steady international development of this instrument. In Uzbekistan, the green mortgage market is only beginning to take shape, being gradually introduced through national strategies, pilot projects supported by international financial institutions, and commercial bank products. The research findings indicate that green mortgage-backed securities are not only a source of financial returns, but also an important mechanism for combating climate change and supporting the transition to a sustainable economy.
Keywords:
green bonds green mortgage-backed securities energy efficiency sustainable finance ESG investmentsReferences
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