Climate Bonds Blog

Please join us on the 5th of July in Frankfurt for the European launch of the report Bonds and Climate Change: the state of the market in 2013, 10:30am 5 July 2013, Frankfurt

Speakers include: Nick Robins (HSBC) and Sean Kidney (Climate Bonds Initiative)Kindly hosted by Allianz  Climate Solutions, FrankfurtRSVP to: bridget.boulle@climatebonds.net  

Note that there will also be a London event - details to follow.

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.

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The IEA released their new Redrawing the Energy-Climate Map report in London yesterday. It offers 4 measures they say can stop the emissions growth by 2020 at no net economic cost, reducing emissions by 3.1 G - that's 80% of the savings required for a 2 °C path:

1. Partial removal of fossil-fuel subsidies. Partial means the larger part of those subsidies going to the rich, leaving in place subsidies that help the poorest 20%.
2. Implement selected energy efficiency policies. That's worth 50% of the 4 measures.

The Massachusetts AA+ green bond I mentioned last week got a lot of coverage on release this week - even the WSJ ran the story. But there was a twist: it seems the State had to scale back the total $1.1bn GO offering to $670m on tepid demand, but the green bond bit was 30% oversubscribed.