Climate Bonds Blog

A senior provincial official recently told China Daily that Chinese financing for clean energy may reach 8 trillion yuan, and China may issue yuan-denominated "green bonds" to meet financing demands.

Gao Cailin, director general of the Office of Financial Affairs of Jilin Province, said that "The soaring demand would create huge space for development of 'green finance'."

"The soaring demand would create huge space for development of 'green finance'," he said.

Green finance refers to credit aimed to support low-carbon green sectors, such as new energy.

Environment Business Australia (EBA) has put forward six key climate change recommendations to the new Australian Government, including climate bonds and a Green Investment Bank. EBA's Fiona Wain was first briefed on the Climate Bonds Initiative at the Copenhagen Conference last December.

True! See for yourself. OK, it's only $1 mil and backed by Lafarge and it's a bit publicity stunt; but it's an entertaining one.

The issuer is Novacem, a spin-out from Imperial College London that has developed a "carbon negative cement" that they claim will offer cost and performance parity with Portland cement.

(Thanks to Christoph Harwood for spotting it.)

Commissioned by the UK Conservative Party, the report outlines the need and proposed risk mitigation role of a new Green Investment Bank, and how it would raise and invest funds. It includes an explanation of how Green Bonds could be used to fund the Bank and its activities.

The new UK Government, in its 2010 Budget, committed to setting up a Green Investment Bank in 2011.