<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2074-4706</journal-id>
<journal-title><![CDATA[Revista Latinoamericana de Desarrollo Económico]]></journal-title>
<abbrev-journal-title><![CDATA[rlde]]></abbrev-journal-title>
<issn>2074-4706</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica Boliviana "San Pablo"]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2074-47062023000300057</article-id>
<article-id pub-id-type="doi">10.35319/lajed.2023esp311</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El &#8220;green Premium&#8221; en las finanzas sostenibles: reflexiones para Bolivia]]></article-title>
<article-title xml:lang="en"><![CDATA[The &#8220;Green Premium&#8221; in Sustainable Finance: Reflections for Bolivia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Fernández-Tellería]]></surname>
<given-names><![CDATA[Bernardo X.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Uzqueda]]></surname>
<given-names><![CDATA[María Cecilia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Embajada Británica en Bolivia Programas ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<aff id="Af2">
<institution><![CDATA[,Especialista independiente  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>11</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>11</month>
<year>2023</year>
</pub-date>
<numero>especial</numero>
<fpage>57</fpage>
<lpage>74</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.bo/scielo.php?script=sci_arttext&amp;pid=S2074-47062023000300057&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.bo/scielo.php?script=sci_abstract&amp;pid=S2074-47062023000300057&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.bo/scielo.php?script=sci_pdf&amp;pid=S2074-47062023000300057&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La existencia de un green premium o premio verde financiero, definido como el diferencial positivo entre el rendimiento de un bono o instrumento financiero convencional respecto de su contraparte verde o sostenible, implica que un inversor o acreedor está dispuesto a aceptar un retorno menor por el activo verde o sostenible respecto de su contraparte convencional. Un arreglo de tales características podría facilitar y acelerar significativamente el rol de las finanzas sostenibles en la acción climática mundial y la consecución de los objetivos de desarrollo sostenible. Esto porque permite a los actores involucrados compartir las responsabilidades para la resolución de la problemática del cambio climático, entendida como la mayor &#8220;tragedia de los comunes&#8221; que enfrenta la humanidad. Este documento presenta las principales definiciones y analiza la evidencia empírica en torno al green premium a escala mundial y local, para así ofrecer reflexiones y recomendaciones de política para Bolivia.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The existence of a green financial premium, defined as the positive spread between the yield of a conventional bond or financial instrument relative to its green or sustainable counterpart, implies that an investor or creditor is willing to accept a lower return for the green or sustainable asset relative to its conventional equivalent. Such an arrangement could significantly facilitate and accelerate the role of sustainable finance in global climate action and the achievement of the Sustainable Development Goals. This is because it allows the actors involved to share responsibilities for solving the problem ofclimate change, understood as the greatest &#8220;tragedy of the commons&#8221; faced by humanity. This document presents the main definitions and analyzes the empirical evidence on the green premium at the global and local scale, to offer reflections and policy recommendations for Bolivia.  Clasificación/Classification JEL: G10, G19, Q58]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Finanzas sostenibles]]></kwd>
<kwd lng="es"><![CDATA[tragedia de los comunes]]></kwd>
<kwd lng="es"><![CDATA[green premium]]></kwd>
<kwd lng="es"><![CDATA[cambio climático]]></kwd>
<kwd lng="es"><![CDATA[Bolivia]]></kwd>
<kwd lng="en"><![CDATA[Sustainable finance]]></kwd>
<kwd lng="en"><![CDATA[tragedy of the commons]]></kwd>
<kwd lng="en"><![CDATA[green premium]]></kwd>
<kwd lng="en"><![CDATA[climate change]]></kwd>
<kwd lng="en"><![CDATA[Bolivia]]></kwd>
</kwd-group>
</article-meta>
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