2016 is drawing to a close, and while it hasn’t been exactly full of good news for climate or humanity in general – there is a bright spot – green bonds!
2016 is drawing to a close, and while it hasn’t been exactly full of good news for climate or humanity in general – there is a bright spot – green bonds!
Poland out the gate early for 2017's Year of Green Sovereign Bonds
Poland has just won the race to become the first ever sovereign to issue a green bond with a EUR 750m bond financing a range of climate-related projects.
"We believe the Forum has helped bring the financial element that has been missing into climate discussions, especially involving implementation of Brazil's COP21 NDCs.”
Elizabeth de Carvalhaes, Executive President of IBA (Brazilian Tree Industry)
“The IGCC congratulates Monash on taking this world leading step. This is an important milestone for the global green bond market and an exciting development for Australia.”
“It shows the valuable role that tertiary institutions can play in attracting private sector capital into low carbon investment in the built environment. Investors globally, are hungry for quality low carbon investment options.”
Market
High profile backing for green bonds came in September from Bank of England Governor Mark Carney. Global media took notice.
Mexico City Issues First LATAM Muni Green Bond: USD50M: Find out more at our Dec 13 Español and English: Green Bonds for Cities Webinars
The green bond stories have come in a flurry over the last 10 days. Here’s five we think you won’t want to miss.
NY Governor Cuomo Launches USD 100m Certified Climate Bond for Affordable Housing
What’s it all about?
US based NSF International is the most recent organization to be approved by the Climate Bonds Standard Advisory Board* as a Verifier under the Climate Bonds Standard.
Established in 1944 at the University of Michigan, School of Public Health, NSF is a not-for-profit organisation respected for its scientific and technical expertise.
La 9ème édition du Colloque annuel sur l’investissement responsable de Novethic s’est tenu jeudi dernier dans la capitale française.
Bancolombia has also become the first LATAM commercial bank to issue a green bond.