{"id":11909,"date":"2025-08-07T08:30:00","date_gmt":"2025-08-06T22:30:00","guid":{"rendered":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?p=11909"},"modified":"2025-08-05T11:21:41","modified_gmt":"2025-08-05T01:21:41","slug":"shades-of-green-can-external-verification-make-green-bonds-more-credible","status":"publish","type":"post","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/","title":{"rendered":"Shades of green: Can external verification make green bonds more credible?"},"content":{"rendered":"\n<p><a href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/tag\/l-fernando-distadio\/\">L FERNANDO DISTADIO<\/a> AND <a href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/tag\/shireenjit-johl\/\">SHIREENJIT JOHL<\/a>&nbsp;&nbsp;|  <\/p>\n\n\n\n<p>As global momentum builds around the transition to a low-carbon economy, the role of green finance is becoming increasingly vital. Among the most prominent tools in this shift are green bonds\u2014financial instruments designed to fund environmentally beneficial projects. But with growing demand comes growing scrutiny: How can investors trust that green bonds are truly green?<\/p>\n\n\n\n<p>Our recent study set out to explore this question. We focused on external verification and assurance\u2014voluntary steps companies can take to confirm the environmental credibility of their green bonds. Using a dataset of 774 green bonds issued by listed non-financial firms between 2013 and 2021, we examined how the market reacts to these credibility-enhancing mechanisms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why does green bond credibility matter?<\/h3>\n\n\n\n<p>While green bonds have grown rapidly\u2014reaching an estimated US$2.5 trillion in 2023\u2014their credibility is not guaranteed. Unlike traditional bonds, green bonds make non-financial claims about their use of proceeds. This opens the door to &#8220;greenwashing&#8221;, where issuers may exaggerate environmental benefits without meaningful change.<\/p>\n\n\n\n<p>That\u2019s where external verification and assurance come in. Issuers may voluntarily engage a third party to review whether their bond aligns with Green Bond Principles (GBPs)\u2014best-practice guidelines promoted by the International Capital Market Association (ICMA). Some go further by commissioning formal assurance statements, which are more rigorous and follow international audit standards.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key findings<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Green bonds accompanied by third-party verification were associated with statistically significant positive abnormal returns of approximately 0.30% over a three-day window following the announcement.<\/li>\n\n\n\n<li>First-time issuers that included verification reports experienced stronger positive market reactions, suggesting that verification serves as a signal of environmental credibility.<\/li>\n\n\n\n<li>Issuances supported by assurance reports (involving adherence to professional assurance standards) were particularly beneficial for firms with poor sustainability performance (e.g., high CO\u2082 emitters).<\/li>\n\n\n\n<li>Post-issuance verification\u2014ongoing monitoring of proceeds allocation\u2014was also positively associated with market responses.<\/li>\n<\/ul>\n\n\n\n<p>These findings are consistent with signalling theory, whereby companies reduce information asymmetry by adopting costly, voluntary mechanisms to communicate their environmental commitment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A market signal worth sending<\/h3>\n\n\n\n<p>The study applies signalling theory based on the issuing firm\u2019s communication about their intentions through costly signals. In this context, third-party verification and assurance serve as a credible signal that an issuer is serious about climate-aligned finance. It\u2019s a voluntary act that goes beyond the minimum, thus earning investor trust.<\/p>\n\n\n\n<p>For policymakers, these findings are especially timely. Regulatory reforms in Europe, such as the EU Green Bond Standard, are beginning to formalise requirements for verification and assurance. The authors suggest that credible external verification should be incentivised to strengthen market discipline and mitigate greenwashing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Implications for practice and policy<\/h3>\n\n\n\n<p>This study offers several practical and policy-relevant implications:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Issuers may benefit financially from engaging third-party verifiers and assurers, particularly when entering the green bond market for the first time.<\/li>\n\n\n\n<li>For high-emitting firms, assurance reports may serve as a valuable tool to improve credibility and investor confidence.<\/li>\n\n\n\n<li>Regulators considering mandatory verification requirements\u2014such as under the <strong>EU Green Bond Standard<\/strong>\u2014may find our findings relevant to the design of future frameworks.<\/li>\n<\/ul>\n\n\n\n<p>Our results support the view that <strong>credible third-party verification enhances the economic and reputational value<\/strong> of green bond issuance. As the green bond market continues to evolve, further research into the quality, scope, and regulatory oversight of verification practices will be essential.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Looking ahead<\/h3>\n\n\n\n<p>While the green bond market continues to evolve, credibility remains its cornerstone. As this study shows, verification and assurance are not just bureaucratic box-ticking\u2014they\u2019re strategic tools that can build trust, reduce information asymmetry, and create financial value.<\/p>\n\n\n\n<p>In a world where climate goals are urgent and scrutiny is rising, issuing green bonds with robust external oversight is not just good practice\u2014it\u2019s good business.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"author label\"><strong>AUTHORS<\/strong><\/p>\n\n\n\n<p><em>Dr L Fernando Distadio and co-author Professor Shireenjit Johl are members of the <\/em><a href=\"https:\/\/www.griffith.edu.au\/research\/business\/asia-institute\"><em>Griffith Asia Institute<\/em><\/a><em>.<\/em><\/p>\n\n\n\n<p>Get in touch with the corresponding author L. Fernando Distadio at <a href=\"mailto:l.distadio@griffith.edu.au\">l.distadio@griffith.edu.au<\/a>.<\/p>\n\n\n\n<p><em>This article is a synopsis of a journal article: Distadio, L. F., &amp; Johl, S. (2025). Shades of Green in the Bond Market: The Role of External Verification Reports. <em>The International Journal of Accounting<\/em>, 2541001. <a href=\"https:\/\/doi.org\/10.1142\/S109440602541001X\">https:\/\/doi.org\/10.1142\/S109440602541001X<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is becoming increasingly vital. Among the most prominent tools in this shift are green bonds\u2014financial instruments designed to fund environmentally beneficial projects. But with growing demand comes growing scrutiny: How can investors trust<a href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\">Continue reading <span class=\"sr-only\">&#8220;Shades of green: Can external verification make green bonds more credible?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":14,"featured_media":11910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[2063,2142,234,1974,1730,2161],"tags":[2503,1559,2362,2505,2504,894],"class_list":["post-11909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-transition-and-development","category-journal-article","category-publication","category-sdg-12-responsible-consumption-and-production","category-sdg13","category-sdg7","tag-fernando-distadio","tag-green-bonds","tag-green-energy-transition","tag-greenwashing","tag-shireenjit-johl","tag-sustainability"],"acf":[],"modified_by":"Jill Moriarty","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shades of green: Can external verification make green bonds more credible? | Griffith Asia Insights<\/title>\n<meta name=\"description\" content=\"L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is As demand for climate-aligned finance grows, so does the pressure to ensure green bonds are truly green. In their latest study, L. Fernando Distadio and Shireenjit Johl explore whether third-party verification and assurance can help build investor trust\u2014and the results are striking.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shades of green: Can external verification make green bonds more credible? | Griffith Asia Insights\" \/>\n<meta property=\"og:description\" content=\"L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is As demand for climate-aligned finance grows, so does the pressure to ensure green bonds are truly green. In their latest study, L. Fernando Distadio and Shireenjit Johl explore whether third-party verification and assurance can help build investor trust\u2014and the results are striking.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\" \/>\n<meta property=\"og:site_name\" content=\"Griffith Asia Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/griffithasiainstitute\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-06T22:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T01:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2025\/08\/green-bond-credibility.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Griffith Asia Institute\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GAIGriffith\" \/>\n<meta name=\"twitter:site\" content=\"@GAIGriffith\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Griffith Asia Institute\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\"},\"author\":{\"name\":\"Griffith Asia Institute\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/8121b8aa336749474cbaca380c03029a\"},\"headline\":\"Shades of green: Can external verification make green bonds more credible?\",\"datePublished\":\"2025-08-06T22:30:00+00:00\",\"dateModified\":\"2025-08-05T01:21:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\"},\"wordCount\":698,\"publisher\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization\"},\"keywords\":[\"Fernando Distadio\",\"Green bonds\",\"Green energy transition\",\"Greenwashing\",\"Shireenjit Johl\",\"Sustainability\"],\"articleSection\":[\"Green transition and development\",\"Journal article\",\"Publications\",\"SDG 12 Responsible consumption and production\",\"SDG 13 Climate action\",\"SDG 7 Affordable and clean energy\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\",\"url\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\",\"name\":\"Shades of green: Can external verification make green bonds more credible? | Griffith Asia Insights\",\"isPartOf\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#website\"},\"datePublished\":\"2025-08-06T22:30:00+00:00\",\"dateModified\":\"2025-08-05T01:21:41+00:00\",\"description\":\"L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is As demand for climate-aligned finance grows, so does the pressure to ensure green bonds are truly green. In their latest study, L. Fernando Distadio and Shireenjit Johl explore whether third-party verification and assurance can help build investor trust\u2014and the results are striking.\",\"breadcrumb\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shades of green: Can external verification make green bonds more credible?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#website\",\"url\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/\",\"name\":\"Griffith Asia Insights\",\"description\":\"Asia Insights is published by the Griffith Asia Institute. It offers latest commentary on Asia-Pacific affairs and aims to inform and foster academic scholarship, public awareness and considered and responsive policy making.\",\"publisher\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization\",\"name\":\"Griffith Asia Institute\",\"url\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/10\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/10\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1\",\"width\":2930,\"height\":308,\"caption\":\"Griffith Asia Institute\"},\"image\":{\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/griffithasiainstitute\/\",\"https:\/\/twitter.com\/GAIGriffith\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/8121b8aa336749474cbaca380c03029a\",\"name\":\"Griffith Asia Institute\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f133de65681da3b20ddbc1917f066f458d355d7dfa1f214b10ff4bd135d5ab6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f133de65681da3b20ddbc1917f066f458d355d7dfa1f214b10ff4bd135d5ab6c?s=96&d=mm&r=g\",\"caption\":\"Griffith Asia Institute\"},\"url\":\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/author\/gaigriffith-edu-au\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shades of green: Can external verification make green bonds more credible? | Griffith Asia Insights","description":"L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is As demand for climate-aligned finance grows, so does the pressure to ensure green bonds are truly green. In their latest study, L. Fernando Distadio and Shireenjit Johl explore whether third-party verification and assurance can help build investor trust\u2014and the results are striking.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/","og_locale":"en_US","og_type":"article","og_title":"Shades of green: Can external verification make green bonds more credible? | Griffith Asia Insights","og_description":"L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is As demand for climate-aligned finance grows, so does the pressure to ensure green bonds are truly green. In their latest study, L. Fernando Distadio and Shireenjit Johl explore whether third-party verification and assurance can help build investor trust\u2014and the results are striking.","og_url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/","og_site_name":"Griffith Asia Insights","article_publisher":"https:\/\/www.facebook.com\/griffithasiainstitute\/","article_published_time":"2025-08-06T22:30:00+00:00","article_modified_time":"2025-08-05T01:21:41+00:00","og_image":[{"width":900,"height":500,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2025\/08\/green-bond-credibility.jpg","type":"image\/jpeg"}],"author":"Griffith Asia Institute","twitter_card":"summary_large_image","twitter_creator":"@GAIGriffith","twitter_site":"@GAIGriffith","twitter_misc":{"Written by":"Griffith Asia Institute","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/#article","isPartOf":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/"},"author":{"name":"Griffith Asia Institute","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/8121b8aa336749474cbaca380c03029a"},"headline":"Shades of green: Can external verification make green bonds more credible?","datePublished":"2025-08-06T22:30:00+00:00","dateModified":"2025-08-05T01:21:41+00:00","mainEntityOfPage":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/"},"wordCount":698,"publisher":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization"},"keywords":["Fernando Distadio","Green bonds","Green energy transition","Greenwashing","Shireenjit Johl","Sustainability"],"articleSection":["Green transition and development","Journal article","Publications","SDG 12 Responsible consumption and production","SDG 13 Climate action","SDG 7 Affordable and clean energy"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/","name":"Shades of green: Can external verification make green bonds more credible? | Griffith Asia Insights","isPartOf":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#website"},"datePublished":"2025-08-06T22:30:00+00:00","dateModified":"2025-08-05T01:21:41+00:00","description":"L FERNANDO DISTADIO AND SHIREENJIT JOHL&nbsp;&nbsp;| As global momentum builds around the transition to a low-carbon economy, the role of green finance is As demand for climate-aligned finance grows, so does the pressure to ensure green bonds are truly green. In their latest study, L. Fernando Distadio and Shireenjit Johl explore whether third-party verification and assurance can help build investor trust\u2014and the results are striking.","breadcrumb":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/shades-of-green-can-external-verification-make-green-bonds-more-credible\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/"},{"@type":"ListItem","position":2,"name":"Shades of green: Can external verification make green bonds more credible?"}]},{"@type":"WebSite","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#website","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/","name":"Griffith Asia Insights","description":"Asia Insights is published by the Griffith Asia Institute. It offers latest commentary on Asia-Pacific affairs and aims to inform and foster academic scholarship, public awareness and considered and responsive policy making.","publisher":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization","name":"Griffith Asia Institute","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/10\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1","contentUrl":"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/10\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1","width":2930,"height":308,"caption":"Griffith Asia Institute"},"image":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/griffithasiainstitute\/","https:\/\/twitter.com\/GAIGriffith"]},{"@type":"Person","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/8121b8aa336749474cbaca380c03029a","name":"Griffith Asia Institute","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f133de65681da3b20ddbc1917f066f458d355d7dfa1f214b10ff4bd135d5ab6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f133de65681da3b20ddbc1917f066f458d355d7dfa1f214b10ff4bd135d5ab6c?s=96&d=mm&r=g","caption":"Griffith Asia Institute"},"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/author\/gaigriffith-edu-au\/"}]}},"jetpack_featured_media_url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2025\/08\/green-bond-credibility.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"featured_image_thumbnail_url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2025\/08\/green-bond-credibility.jpg","_links":{"self":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/posts\/11909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/comments?post=11909"}],"version-history":[{"count":0,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/posts\/11909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/media\/11910"}],"wp:attachment":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/media?parent=11909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/categories?post=11909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/tags?post=11909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}