Blog

Blog Mailing

Q1 Green Bond Underwriters League Table: Green muni issuance launches JP Morgan to the top. Morgan Stanley comes second, and BAML third

All change at the top of the underwriter’s league table in Q1 2015 compared to the standings for Q4 2014. JP Morgan takes the lead for the first time ever! Despite not being involved in the 3 biggest deals of Q1, JP Morgan still managed to come out top after underwriting green municipal bonds for Iowa and City of Tacoma. JP Morgan was also involved in green bonds from KfW, Kommunalbanken and World Bank during Q1. 

Qtly commentary: Green bonds market heats up after slow Q1 2015 start with $7.2bn; market matures with more currencies + non-investment grade bonds. EM green bonds ramping up / green munis booming

By Tess Olsen-Rong, Climate Bonds Market Analyst

The first three months of 2015 (Q1) have seen 44 green bond deals totalling $7.2bn of issuance. After relatively low issuance in January the amount of green bonds issued has been climbing each month, with March three times bigger than January. This year will be the biggest year ever for green bonds: there’s a healthy pipeline of bonds in the works and we expect Q3 and Q4 in particular to be strong in the lead up to the UN COP.

New EU report on mobilising private finance for climate from ClimateBonds+friends: green the Capital Markets Union, expand credit support, green securitization & more

Last week the European Commission’s Directorate-General of Climate published report on mobilising private finance for climate, co-authored by the Climate Bonds Initiative.

A deep-dive into bioenergy & bond opportunities & Qs that determine bioenergy emissions performance: Replacing FFs? Increasing stock of emission-absorbing biomass? Creating emissions if it not burned for energy?

Three weeks ago we released our Climate Bonds Bioenergy Standard for public consultation. Bioenergy is energy made available from materials derived from biological sources such as wood, manure or other agricultural byproducts. Using waste products is preferred due to reduced social and environmental risks.  The focus of the proposed criteria is on liquid biofuels, biogas, and solid biomass used for heat and electricity.