Q3 sees the biggest single issuance this year so far of $1.1bn (thanks to NWB Bank) and overall total issuance is $6.9bn for the quarter. The green bond market has slightly slowed from a high in Q2. But, it seems like the issuance is going up in size – the average in Q3 bonds ($204m) is well above the Q2 figure of ($144m).
Highlights positive role of green bonds and practical examples from around the world
Lima: Last week the UNEP Inquiry launched its final report ‘The Financial System We Need – Aligning the Financial System with Sustainable Development’. Another exciting output of a very busy time in Lima!
Actually USD 995 million in three separate bonds, but close enough to a billion. FinanceAsia has the first story.
Your Invitation
Climate Bonds Initiative in partnership with the London Stock Exchange Group (LSEG) and the Peoples Bank of China (PBoC) Green Finance Committee, will co-host a landmark half-day green bond conference on 23rd October 2015 in London. The UK Foreign & Commonwealth Office are a supporting Partner.
Roundtable for asset owners and managers, prospective issuers and underwriters
Leading example of central bank support for green bond market
Lima: Governor of the Bangladesh Bank (BB) Dr Atiur Rahman announced at the annual World Bank-IMF meeting in Peru that the country’s central bank will invest a portion of foreign exchange reserves in green bonds. The central bank’s investment will focus on green bonds issued by multilaterals and other “highly rated financial corporates”.
‘Trends in Private Sector Climate Finance’ highlights need to scale up green bond market
Check out all green bond issuances from corporates, cities, munis and banks now!
Climate Bonds Initiative has partnered with the UNFCCC to showcase all labelled green bonds issued by ‘Non-State Actors’ (meaning companies, cities, municipalities and banks) on the Non-State Actor Zone for Climate Action (NAZCA) platform hosted by the UNFCCC.
Exciting development this week is the strong pipeline of green bonds. We always expected Q4 to ramp up in the lead up to UN COP 21 in December so its great to see a steady stream of green bond announcements from development banks, corporates (many from India) and municipalities. Plus, Bank of England's report for Insurance sector indicates role for green bonds in financing climate resilience.
Development Bank
Climate Bonds Initiative Helping Organise International Investor Dialogue on Green Opportunities in Emerging Markets
Limiting global warming to 2° Celsius will require trillions of dollars of annual investment in green growth. Two thirds of the investments required will be in emerging markets that need to build new climate-resilient and low carbon infrastructure.
