A recent report prepared for Barclays by Accenture has placed the need for the standardisation of green bonds front and centre for efforts to finance a low carbon economy.
The report estimated that up to €2.9 trillion of procurement and development capital will be needed for the roll-out of low carbon technologies across the EU25 by 2020. They estimate that 'green' bonds in the form of asset-back securities could account for €1.4 trillion of this total. The figure includes the sum of likely project finance debt, asset finance term loans, asset lease financing, and primary bonds that could be securitised into green asset-backed securities.