Climate Bonds Blog

Posted: Jun 29, 2015

The Green Building Council of Australia (GBCA) runs the Green Star environmental rating system for buildings. The system is especially popular in Australia and, more recently, in South Africa.

GBCA has today joined up as a Climate Bonds Partner.

Green Building Council of Australia joins as a Climate Bonds Partner / GBCA’s Green Star performance data can now be used to support Climate Bonds certification
Posted: Jun 26, 2015

Today I’m in Beijing. I’ve just had a meeting with a humungous bank – everything is just so over-sized in this country, with this bank having over 300,000 staff and assets of more than US$1 trillion.

Evene the central bank has 400,000 staff for goodness sake! And my friends at the Beijing City Finance Bureau - still housed in a basic 1970s building a bit like the high school I went to - are now handling a trillion dollar infrastructure investment plan for 120 million people (in the newly merged economic zone of Beijing, Tianjin and Hebei).

It’s like you’ve accidently wandered into a world of everything being super-upsized.

China update: central bank's new green bond market regulations drafted; big banks queuing to issue
Posted: Jun 22, 2015

Time: 11:30am – 2:30pm, June 23, 2015

Venue: Papua Room, Menara Thamrin Building

Menara Thamrin, 5th Floor

Jl. M.H. Thamrin Kav. 3

Jakarta 10250, Indonesia

Tel: +62 21 39830091

Agenda

11.45 – 12.15 Registration and lunch

12.15 – 14.30 Speakers:

Satya Tripathi, Director, UNORCID

Ria Sartika Azhari (TBC), Head of the Climate Change Division at the Fiscal Policy Office, Centre for Climate Change Financing and Multilateral Policy, Ministry of Finance, Republic of Indonesia

Sean Kidney, CEO, Climate Bonds Initiative

Invitation: Jakarta talk by Sean Kidney, tomorrow, at UNORCID - just in case you're in town and free. "The Role of Climate Finance in Stimulating Green Investment in Indonesia"
Posted: Jun 19, 2015

On Tuesday June 23rd, 2015, we are co-convening a one-day workshop with the World Wide Fund for Nature (WWF) and ACTIAM to have a deep-dive discussion on clear criteria and standards for Green Bonds, with a particular focus on how such criteria could be developed. 

The workshop will actively engage with like-minded organisations that share a genuine concern about the potentially adverse effects of ‘green washing’ and are committed to enhancing the green bond market’s integrity.

Invitation to London Workshop with WWF and ACTIAM: We´re talking standards, green criteria, assurance and more. Join us for an open & collaborative discussion on how to scale up a credible green bond market
Posted: Jun 17, 2015

Corporate green bonds

Morgan Stanley inaugural green bond term ($500m, s/a 2.2%, 3 year, A-), introduces second opinions to the US bank bond market (excellent) but then does an odd thing with their pool: they will not maintain full value of a  pool of green assets for the full bond

Morgan Stanley is the latest large bank to join the green bond party having issued its inaugural green bond last week, although the bank has been active in this space as an underwriter and co-founder of the Green Bond Principles.

Wkly blog: MS $500m inaugural GB ups ante with a rare US 2nd opinion, but v odd approach to pool; Brazil BRF’s €GB has great potential, but …; Latvia utility upsizes first GB; Terraform $150m GB tap
Posted: Jun 12, 2015

By Beate Sonerud, Climate Bonds policy analyst

The Green Paper launched by the European Commission earlier this year recognized the potential role the Capital Markets Union could play in harmonising definitions and standards for green bonds. While it was great to see green bonds on the formal agenda, supporting standards is only one of a myriad of ways that green bonds fit squarely with the Capital Markets Union agenda.

8 ways green bonds can advance the EU Capital Markets Union agenda / come to our seminar in Brussels 9 July to learn more
Posted: Jun 11, 2015

The growing anticipation of green bonds taking off in Asia has determined the flavor of May’s media digest. The widely commented report by Moody’s fits with this trend by pointing to India and China as countries offering ‘sizeable growth potential’.

Asia

Emerging markets, Asia awakes to green bonds, Matthew Thomas

May’s media digest sees emerging markets as a big theme – coverage in Bloomberg, Reuters, Global Capital, Enviro Finance + more
Posted: Jun 9, 2015

Next Friday morning, 12 June 8:00-10:00, we're holding in London a roundtable discussion on legal issues around green bonds.  If you're in a law firm and looking at green bonds, please do join us. The roundtable is for legal counsel only.

Background:

Following a landmark green bond growth year in 2013, the labelled green bond market has once again experienced a year of incredible growth in 2014: by year-end there had been $36.6bn of green bonds issued by 35 different issuers. We're hoping that the market size will triple again in 2014. 

Invitation to legal counsel: London roundtable on legal issues around green bonds, 12 June AM
Posted: Jun 8, 2015

Sustainalytics – the leading independent provider of environmental, social and governance (ESG) research and analysis to investors around the world– is the latest company to be confirmed by the Climate Bond Standards Advisory Board* as an approved verifier. They will be joining EY, KPMG, Bureau Veritas, DNV-GL, Oekom Research and others as approved verifiers under the Climate Bond Standard.

Sustainalytics has been actively involved in the green bonds space since mid-2014 and has provided second opinions for a number of green bond issuances with a climate focus.

The pool of Climate Bonds Standard verifiers is growing fast: Sustainalytics is the latest to join
Posted: Jun 8, 2015

8 June (today) — London: Green Securitization Roundtable at Nomura.Jointly hosted by LSE Grantham Institute for Climate Change and Climate Bonds Initiative.

June talks: Madrid Sust Bonds 9 June / London Green L'scapes 10th / Shenzhen 17-18th / London Sust Bonds 18th / Hong Kong Climate Bonds b/f 19th / Singapore Green Bonds Roundtable 22nd / Guiyang EcoForum Global 26th +more