ABSTRACT
The study examined the viability of using green bonds as an alternative financial instrument for green buildings in order to improve its application for property development in South Africa. The study used a qualitative approach of structured interviews to collect data from construction professionals who were purposively selected. The key finding is that corporate firms are not satisfied with the amount of work involved with the data collection required to raise green bonds and the interest rate that is charged on the bond. The study concludes that corporate companies are reluctant to use green bonds as a financial instrument because of the high-interest rate. Owing to the high interest rate on bonds, the study recommends that more financial institutions should invest in green bonds, so that the market can be competitive with numerous investors in the market.
