Come say hello if you are at any of the events, or get in touch if you're interested in arranging a meeting.
Also, audience poll: I’m in Washington DC 28 January, New York 29 January and Cambridge, England on 5 Feb. If you’d be interest in coming to a roundtable on “Green bond prospects for 2016” please let me know.
This week, Bangladesh Bank announced a US$200 million ‘Green Transformation Fund’. Initially, the fund will focus its support on green transition of manufacturing practices in the export-oriented textiles and leather sectors. Over time the fund expects to extend to other sectors as well. Excellent stuff!
Bangladesh Bank is already a green finance – and green bond - pioneer
We’re looking for two exceptional individuals to come join our London-team.
The Climate Bonds Initiative is an investor-focused NGO working to mobilise the $100 trillion global bond market for climate change solutions. Our main work streams are data and market analysis, standards and certification and policy analysis.
Compiled by Rozalia Walencik for the Climate Bonds Initiative
The 21st Conference of the Parties in Paris last month will be remembered as the first climate accord in decades. We’re yet to find out if it becomes a turning point for climate – but the odds are in our favor. Parties agreed to “pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels”.
The draft Water Climate Bonds Standard was released for public consultation in late November 2015. At C.O.B on 12 February 2016 this period of public comment will close. This deadline is fast approaching so we wanted to remind all interested parties to get feedback to us as soon as possible!
Securities and Exchange Board of India (SEBI), the securities’ markets regulator, finalised their official green bond requirements yesterday after going through a public consultation in December. Impressively quick turnaround from SEBI’s decision in late November to establish requirements! Clearly, green bonds are a priority for India’s government.
Let's recap a very successful UN COP last December as the perfect way to get motivated for the coming 12 months. Here are our 6 key takeaways from COP:
1) Enormous opportunity to take INDC goals and develop matching Country Investment Plans
The one hundred and eighty-six national INDCs are one of the greatest achievements of this COP21 process. Implementing these individual country plans will need investors, development banks NGOs and governments all working together.
Another successful year for the green bond market with 2015 issuance hitting $41.8bn making it the biggest year ever for green bonds.
2015 was a magnificent year for green bonds (look out for our year-end market summary coming soon!). Q4 is in particular a busy quarter for green bonds – a total of $14.87bn were issued, and November was the largest monthly issuance EVER with $7.4bn of green bonds. The 3 largest individual issuances of the year also hit the market in Q4 with a €1.5bn ($1.66bn) bond issued by KfW, two tranche deal of €0.5bn and $0.8bn ($1.3bn) issued by ING Bank; and a green bond totalling $1.25bn from EDF.
The Low Carbon Transport Standard has been out for public comment since late October and is now nearing the end of its consultation phase. We welcome all interested parties to submit comments to Justine Leigh-Bell before COB 31 December.
