Blog Mailing
Since September’s highly successful California and Massachusetts green bonds there has been lots of talk of cities beginning to issue. The most likely starters at the moment would seem to be Connecticut’s Hartford(population 125,000) and New York City(population 8.4 million) – a David vs Goliath battle for first out.
Working group of 15 international experts gets the Standard development under way
The Climate Bonds Initiative held the first meeting of a new Agriculture, Forestry and Other Land Use (AFOLU) Expert Group last week. It is convened to develop eligibility criteria for assets and projects that can be used to back Climate Bonds.
A slightly different version of a green bank has just been added to what is a growing list - by the US state of New Jersey with their launch last week of an “Energy Resilience Bank”. Although not branded as green (the New Jersey government is of the climate-denying Republican variety, after all!), this is essentially a climate change adaptation bank, established in response 2012's Hurricane Sandy.
Royal Bank of Canada (RBC), ranked last year as the world's 4th strongest bank, has become a Climate Bonds Partner Stuart McGregor, Managing Director and Head of European SSA for RBC Capital Markets, said:
As of November 1, 2014, Motoko Aizawa will join the Climate Bond Initiative as Senior Fellow and advise on further development of the Climate Bond Standards scheme. And what a catch she is!
