COP21: Paris: 6/12/2015: 1500 CET: Justine Leigh-Bell, Head of Standards at Climate Bonds has issued a call to action for global transport stakeholders to participate in the development of the world’s first Low Carbon Transport Climate Bonds Standard for green and climate bonds.
Bonjour! from Paris, which is currently buzzing with climate change enthusiasts and hopeful negotiators as the COP21 ends its first week.
And what a week at Le Bourget it’s been. From some of the discussions it looks like green bonds are firmly on the climate finance agenda.
The FOUR 2015 headlines everyone should take away:
1) Green bonds are financing a range of green projects – from renewable energy to sustainable water.
At the last month of 2015, green bond issuance passed last year record of $36.59bn to reach $40.05bn.
A total of $7.92bn new issuance in November makes it the biggest month EVER for green bond issuance in the history!
Expect more updates on new issuances in our next blog.
Today, we are excited to announce our newest partner; AllianceBernsteinLP (AB), a leading investment management firm has joined our Partnership Programme.
In a statement released from New York a few hours ago, the international manager pointed to the need to drive ‘innovative climate friendly investment solutions.’
With Kidney, Leigh-Bell & Fowler. Phew!
A mix of Le Bourget Blue Zone, Green Zone, central Paris and OECD locations.
Invitations! Registrations are still open for two special Climate Bonds COP21 events:
Banks are driving growth in green bond markets ahead of this week’s COP21 in Paris with IDBI, ING, Société Générale and HSBC all issuing inaugural green bonds. And India’s financial services regulator says it’s working on regulations for the green bond market.
Corporate
Double whammy from ING with $1.3bn of green bonds hitting the market (€500m, 0.75%, Ae/A1e, 5-yr; $800m, 2%, Ae/A1e, 3-yr)
Where: Rio Pavilion in the Climate Generations Area (Green Zone) COP 21
When: 15:45pm to 17:15pm, Tuesday 8th December.
Please join us in Paris
Launch of the Climate Bonds and UNEP: Scaling up Green Bond Markets - Guide for Governments Report.
And
With the month’s breaking news of the inaugural green bond from Agricultural Bank of China, we begin to see more and more Chinese titles pointing to green bonds.
Over the past few months we’ve got to know the work of the IDBI, an Indian development bank. It used to be called the Industrial Development Bank of India, a name that explained them well.
Like a lot of India’s banks they’ve taken up Prime Minister Modi’s mission to grow clean energy and green infrastructure.
