Climate Bonds Blog

Posted: Nov 10, 2015

在北京,空气污染已经达到“危险”水平。为配合中国应对环境挑战的要求,气候债券倡议组织发布了中文版《债券与气候变化:市场现状报告2015》(附绿色债券最新报道)

背景

中国在过去三十年里实现了惊人的发展。比如中国帮助了超过10亿人脱离贫困,这一事实成为了人类现代史上帮助实现人权的最伟大成就之一。

然而中国的成就是以巨大的环境成本为代价的,这些环境成本包括对空气、水、食物和土壤的破坏。中国同时也是面对气候变化最脆弱的国家之一:大多数农业用地只比海平面高出一点;水供应危机和威胁生命的高温天气变得更加频繁。

大部分身在北京的高层决策者都已经意识到了中国面临的挑战。他们明白自己必须为居民带来更高质量的生活,也必须保证后一代人的生活质量。这意味着中国必须采取措施应对气候变化。

绿色金融是决策者优先考虑的政策之一,并且已经在推动中,我们也对此报道过多次。开发中国绿色债券市场将会是发展绿色金融的核心。

在北京,空气污染已经达到“危险”水平。为配合中国应对环境挑战的要求,我们发布了中文版《债券与气候变化:市场现状报告2015》。该报告由汇丰银行气候变化中心委托、气候债券倡议组织编制。

本报告的目的在于让潜在的绿色债券发行人和投资者明白目前全球市场的现状,以及自己如何能在该市场中获取利益、如何发展绿色债券市场。报告于第三届中国责任投资论坛年会(北京)发布。

《债券与气候变化:市场现状报告2015》中文版正式发布
Posted: Nov 9, 2015

Working together to provide data and insight that supports rapid growth in the green bond market

The Climate Bonds Partner family continues to grow!

The Climate Bonds Initiative Welcomes Thomson Reuters as a Climate Bonds Partner
Posted: Nov 5, 2015

The first green bond from Mexico issued by Nacional Financiera (Nafin), certified by Climate Bonds!! Check out our blog for full details!!

We see municipalities and development banks quickly catching up on green bond issuance over the past week or so! For three key issuances covered in this blog, we as usual share our thoughts on the green credentials of these bonds and further dive into the eligible projects under use of proceeds. 

 

Municipal green bonds

State of Hawaii issued its 2nd green bond to preserve land and habitats ($35m, 2.0-3.5%, AA/AA/Aa2, 3-10 yrs) 

Update: 1st GB from Mexico by Nafin, Climate Bonds Certified!! 3 reasons to get excited about Canada & GB’s; 1st JPN corp GB from SMBC, Hawaii’s 2nd GB, KfW GB $1.5bn. Oct issuance tops yr. Sustainability bonds from DBJ & BNG explained
Posted: Nov 5, 2015

The Mexican state-owned development bank, Nacional Financiera S.N.C (Nafin), issued its inaugural green bond of $500m. The bond is the first green bond in Mexico, and also the first green bond in Latin America to receive internationally recognised Climate Bonds Certification by the Climate Bonds Standard BoardRated as A3 (Moody’s) and BBB+ (Fitch), the bond offers a coupon of

Viva Mexico! Viva Nafin! First Mexican green bond – issued by Nafin & certified under the Climate Bond standard making it the first certified green bond in Latin America ($500m, 3.41%, BBB+ / A3, 5 yrs)
Posted: Nov 3, 2015

We are extremely excited to welcome BlackRock Inc as our most recent Climate Bonds Partner. A global leader in investment management, risk management and advisory services for institutional and retail clients, BlackRock manages $4.721 trillion of assets under management (as of June 30 2015). As of yesterday it has signed up as a Climate Bonds Partner.

Kevin Holt, Co-head of the Americas Fixed Income said:

BlackRock becomes a Climate Bonds Partner
Posted: Oct 28, 2015

Late Oct: London & Shanghai 28th, Singapore 29th, HK 30th

Nov: Shenzhen 2nd, Paris 3rd, Kuala Lumpur 3rd & 24th/25th, Bangkok 4th & 26th Delhi 5th, Mumbai 6th, Vienna 13th, Danang City 17th 18thBeijing 10-11th & 19th

Late Oct & Nov Talks: London & Shanghai 28th, Singapore 29th, HK 30th, Shenzhen 2nd, Paris 3rd, Kuala Lumpur 3rd + more
Posted: Oct 27, 2015

Thursday 29 Oct 2015 09:00 San Francisco / 10:00 Mexico City / 12:00 New York / 16:00 London / 17:00 Paris

Duration: Approx. 1 Hour with Q&A.

Register here

Event Invitation: Climate Bonds Initiative Webinar - Standards for Agriculture, Forestry and Other Land Use (AFOLU) Investments
Posted: Oct 27, 2015

Wow! What a great start to Q4; issuance is gearing up for Paris! A wide range of issuers are pumping more green bonds into the market - both repeat issuers and new comers from Asia, Plus, we have analysis on what the CarbonCount metric means for investors and as always analysis on the green credentials of some recent issues. 

 

Green Asset Backed Securities (ABS)

Hannon Armstrong’s second green ABS, $118.6m, will save 0.39 tons of GHG annually per $1,000!  ($100.5m, 4.28%, 19 yr, A and $18.1m, 5.00%, 19 yr, BBB)

Over $3bn green bonds issued in Oct already! $1.25bn by EDF; $994.5m+ by Agricultural Bank of China; another DC Water GB $100m, repeated issuances, gossip and more!
Posted: Oct 26, 2015

Image: Russian Railways, Railway Gazette

Public Consultation Opens on Low Carbon Transport criteria under the Climate Bonds Standard
Posted: Oct 21, 2015

LONDON: 11:00 BST 21/10/2015: We are pleased to announce that major global asset manager Allianz Global Investors have become a Climate Bonds Partner today.  The active investment manager manages €446bn (as of June 30, 2015) for institutional and retail investors and is also a signatory on the Climate Bonds Initiative’s Investor Statement re: green bonds and climate bonds.

Franck Dixmier, Global CIO Fixed Income at Allianz Global Investors said:

Allianz Global Investors becomes a Climate Bonds Partner