Climate Bonds Blog

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.

Canadians mulling Green Bonds
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.

New World Bank retail green bond
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.

Nomura selling Nordic IB enviro bonds
Posted: Jan 6, 2010 by Sean Kidney

A number of proposals for discussion have been added. For example, see

Site has been updated
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.

Triodos debuts new climate change bonds
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.

Final text of the COP15 agreement
Posted: Dec 15, 2009 by Sean Kidney

Media Release | Climate Bonds Initiative | PASS IT ON


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.

Climate Bonds launch: fast-track solution to low-carbon economy
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?

Jeremy Leggett in the FT about climate bonds
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

COP15 snippets
Posted: Dec 9, 2009 by Sean Kidney

There is a real excitement in the air, with some 20 thousand people turning up from every corner of the world and a party atmosphere in the streets. The talk, however, is all climate:

1. Lord Stern in a speech a couple of nights ago talked of the stark choice we face between acting fast or sliding into disaster, and thus how important this Conference was to the future of the planet. Lord Giddens talked of the Copenhagen Conference being, with the sense of pressure for a global agreement and over 100 heads of States turning up, the first real gathering for global governance: an historic event.

COP15: 4 snippets