HONG KONG, 14 June 2013 – The Climate Bonds Initiative, in collaboration with the HSBC Climate Change Centre of Excellence, today launches its 2013 review of Bonds and Climate Change at the First Global Investor Forum on Climate Change being held in Hong Kong.
Environmentally-themed Uridashi bonds (non-JPY denominated bonds sold directly to Japanese individual investors) have been popular in Japan for some time, making it by far the biggest market for such bonds. We've now seen issues by everyone from the World Bank and the ADB to Norway's Kommunalbanken, who have just issued USD180 million worth.
1. The Indian government is planning to use the proceeds from their new coal tax to help set up a green bank to fund renewable energy projects. Now that's a good idea for countries like the US, Australia and Brazil!
2. New article: We can learn from Japanese state banks how to use Climate Bonds to fund the transition to a low-carbon economy.
