Climate Bonds Blog

Posted: Jan 28, 2010 by Sean Kidney

What's unusual about this fund is that Nikko AM say they've developed the fund in cooperation with the World Bank, and they only invest in World Bank Green Funds, offered in a variety of currencies.

An interesting niche; they are confident of investor support within Japan. Worth noting that the country has already soaked up a series of World Bank Green Bond offerings.

What about Europe or the US?

Posted: Jan 20, 2010 by Sean Kidney

British Columbia's opposition party, the New Democrat, have announced a plan to issue Green Bonds to stimulate job growth and the new Green economy, as well as reduce greenhouse gas emission.

Posted: Jan 18, 2010 by Sean Kidney

The World Bank has just done another NZD 75mm Green Bond, tailored for individual (retail) investors in Japan. They are billing them as "An innovative way for Japanese investors to help combat climate change through a high
quality bond investment". The lead manager is Daiwa.

Posted: Jan 13, 2010 by Sean Kidney

Nomura Securities Co. has announced that it will start selling environment-related bonds issued by Nordic Investment Bank on January 22.

Nordic's three-year bonds will be available in the New Zealand dollar and South African rand, with funds expected to be applied to loans for renewable energy and many other environmental projects.

Japanese media are referring to the bonds as "green bonds", a sign of local interest in such issues.

Posted: Jan 6, 2010 by Sean Kidney

A number of proposals for discussion have been added. For example, see http://www.climatebonds.net/proposals/energy-efficiency/

Posted: Dec 21, 2009 by Sean Kidney

Green banking specialist Triodos this weekend launched a new range of climate change bonds designed to offer consumers the chance to easily invest their savings in low carbon projects.

Posted: Dec 19, 2009 by Sean Kidney

Released a couple of hours after it was announced. Remarkably mundane looking pages with enormous import.

See also the draft text from the early hours of the same day.

Posted: Dec 15, 2009 by Sean Kidney

Media Release | Climate Bonds Initiative | PASS IT ON

CLIMATE BONDS: FAST-TRACK SOLUTION TO LOW-CARBON ECONOMY

The global bond market could play a central role in the fight against climate change, according to an international think tank.

Today the international Network for Sustainable Financial Markets launched the Climate Bonds Initiative, designed to foster the use of long-term debt to finance a rapid, global transition to low-carbon economy. The Climate Bonds Initiative is operating as an autonomous project supported the Carbon Disclosure Project.

Posted: Dec 14, 2009 by Sean Kidney

Financial innovation is much underutilised in dealing with the climate threat, both at the micro- and macro-levels. At the micro-level, for example, it is still impossible in some countries to acquire even a simple mortgage with which to overcome the upfront capital cost of microgeneration. At the macro level, for example, there is considerable untapped potential for climate bonds.

 

How better to mobilise a low-carbon future rapidly than the large-scale issuance of long-term debt to overcome medium-term investment barriers to achieving economies of scale in manufacturing? How better to find a way for pension-fund trustees to manoeuvre around the current dysfunctional definition of fiduciary responsibility?

Posted: Dec 11, 2009 by Sean Kidney

> Amazing scenes in the negotiator's Plenary today, with Tuvalu rep arguing and China resisting - both politely but in a very determined way - that a treaty has to limit global temperature increases to 1.5 degrees and to reduce CO2 in the atmosphere to 350ppm. No resolution yet.

> Hot news: Indonesia announced it's proposing a feed-in tariff for geo-thermal energy. Apparently they have 40% of the world's hot rock resources! See http://tinyurl.com/y9pm6t6