Unlocking green bonds in Indonesia: a guide for issuers, regulators and investors
Indonesia is the fourth most populous country in the world and one of the fastest growing emerging markets. It aims to deliver USD400bn worth of new public-works projects in the transportation, energy, water and waste sectors over five years.
Green Infrastructure Investment Opportunities Indonesia, Update Report
This report builds on the inaugural Green Infrastructure Investment Opportunities, Indonesia report released in May 2018. It provides updated content to help meet the growing demand for green investment opportunities, including green bonds, as well as to support the country’s transition to a low-carbon economy.
Nigeria - State of the Market
Nigeria was the first nation to issue a Sovereign Certified Climate Bond back in 2017.
Green Infrastructure Investment Opportunities Brazil 2019
O relatório Oportunidades de Investimento em Infraestrutura Verde — Brasil 2019 relaciona o atual estado do mercado brasileiro de finanças sustentáveis e o progresso de projetos de infraestrutura verde no Brasil.
Green Bond European Investor Survey 2019
This is Climate Bonds Initiative’s first green bond investor survey in a planned series. We talked with 48 of the largest Europe-based investment managers. Total assets under management (AUM) of respondents was EUR13.7tn, and their total fixed income AUM EUR4.3tn, with an average of EUR90bn and median of EUR34bn.
Green bonds market summary - Q3 2019The Green bond market summary Q3 2019 provides an overview of green bond issuance, as well as the wider labelled market. The spotlight sections this time are on blue bonds and blue economy, and on green loans. The report also features underwriter and listing venue league tables for Jan-Sep 2019.
Green Bond Pricing in the Primary Market: H1 2019
Green bond pricing in the primary market: January - June 2019 monitors the performance of 46 EUR and 15 USD denominated benchmark-sized green bonds with a total value of USD56.6
Greening the Financial System: Tilting the Playing Field: The Role of Central BanksGreening the Financial System: Tilting the Playing Field: The Role of Central Banks examines the role Central Bank and Financial Regulators (CBFRs) can play in incorporating climate change risk into the financial system.
Comparing China’s Green Definitions with the EU Sustainable Finance Taxonomy (Part 1)
This briefing provides a preliminary analysis on China's Green Bond Endorsed Project Catalogue, the Green Industry Guiding Catalogue and the EU Sustainable Finance Taxonomy in terms of their guiding principles, users, classification and screening criteria. The aim is to identify the differences in green definitions across Europe and China and facilitate the harmonisation process.
Latin America & Caribbean: Green finance state of the market 2019 I América Latina y el Caribe: Estado del mercado de las finanzas verdes 2019 I América Latina e Caribe: Análise de mercado das finanças verdes 2019
Latin America & Caribbean: Green finance state of the market 2019 is the first detailed analysis of the LAC green finance market since the first issuer from the region entered the market in 2014. The report is sponsored by United Nations Development Programme (UNDP) through the Partnership for Action on Green Economy, and by the Inter-American Development Bank and IDB Invest.
New Zealand green bonds and infrastructure 2019
Despite New Zealand’s small size and population, it has emerged as a global leader on climate action with its aggressive policies and ambitious climate targets. New Zealand’s green financial market is adopting global best practice to shift New Zealand to a financial system that supports sustainable social, environmental and economic wellbeing.
Australia Green Finance State of the Market 2019
Australia green finance state of the market 2019 update calculates Australia cumulative green bond issuance to 30 June: AUD15.6bn, 10th in cumulative global country rankings, 3rd in the Asia-Pacific region behind China (USD91.5bn) and Japan (USD12.4bn).
Annual 2018 issuance: AUD6.0bn (2017: AUD3.3bn), 9th in 2018 annual global country rankings
Green Infrastructure Investment Opportunities Australia 2019
Green infrastructure presents a huge investment opportunity across the world, with an estimated USD100tn worth of climate/compatible infrastructure required globally by 2030 to meet Paris Agreement emissions reduction targets.
This report builds on the inaugural Green Infrastructure Investment Opportunities Australia and Zealand (GIIO) report released August 2018.
China Green Bond Market Newsletter H1 2019 / 中国绿色债券市场季报 2019 上半年度
In the first half of 2019, total green bond issuance from China went up to USD21.8bn, a 62% increase year on year, largely due to contributions from regional banks and the private sector as a whole.
Green bonds market summary - H1 2019
H1 2019 highlight figures:
Labelled green bond issuance: USD117.8bn (up 48% on H1 2018)
Non-financial corporates lead with 26% of volume, followed by financial corporates at 19% of H1 issuance
Emerging markets make up nearly a fifth (19%) of issuance with China’s lead
Sovereign green bond issuance growing: 3 new issuers enter the market bringing total to 12. The Dutch and Chilean governments issue Certified Climate Bonds
Total labelled issuance of USD145.4bn, including:
Germany: Green Finance State of the Market - 2019 update | Deutschland: Grüner Finanzmarkt – Lagebericht 2019
Germany: Green Finance State of the Market - 2019 update provides a detailed overview of recent developments in the German green bond market. It analyses the developments in the private and public sector for industries with green growth prospects, including energy, low carbon buildings, transport and automotives. It also identifies climate-aligned issuers that are already financing green assets.
Green bond pricing in the primary market: July - December 2018
This is the 7th iteration in a long-term analytical series by Climate Bonds. It features a special EM section looking at China and guest commentary by Jason Mortimer of Nomura Investment Management in Tokyo, discussing the concepts around ‘greenium.’
For this report 24 EUR and 10 USD labelled green bonds issued in H2 2018 and totalling USD29bn were analysed. Eighteen out of 34 bonds are from repeat issuers.
Green Bonds Policy: Highlights from Q3-Q4 2018
Public support for green bond policies continues in the second half of 2018. Key areas include further green sovereign issuance, new national guidelines and central banks action. The development of the EU Taxonomy for sustainable finance continues, with the release of a consultation paper in December 2018. The TEG (Technical Expert Group) is expected to deliver a final Taxonomy in the second half of 2019.
Green Bonds Market Summary - Q1 2019
Q1 at a glance
Green bond issuance reached USD47.9bn in Q1 2019, and surpassed Q1 2018 volume of USD33.8bn by 42%, on a clear upward trend. Almost a quarter came from debut issuers. There were 43 new market entrants from 17 countries.
Growing green bond markets: The development of taxonomies to identify green assets
Green bond guidelines are being implemented across the globe to support issuers and investors in selecting and reporting on suitable projects. However, a gap of adoption of green definitions remains, suggesting the need to develop consistent approaches that can increase the capability of issuers and investors to identify eligible green and sustainable assets.
Green bonds: The state of the market 2018The first publication in a new annual report series focused primarily on labelled green bonds and the latest developments on a global scale.
Green Bonds – a key tool for financial centre competitiveness: Lessons from Europe
Climate Bonds Initiative and the UN Environment Financial Centres for Sustainability (FC4S) Network released the"Green Bonds – a key tool for financial centre competitiveness: Lessons from Europe" briefing Paper. Analysing the recent experience of European financial centres around green bonds growth, this briefing paper provides insights on how green finance can be leveraged as a core pillar of sustainable financial centres.
Post-issuance reporting in the green bond market | Informes post-emisión en el mercado de bonos verdes | Divulgação pós-emissao no mercado de títulos verdes
Post-issuance reporting on the use of proceeds (UoP) is a core component of the Green Bond Principles (GBP) and the Green Loan Principles (GLP). It is also recommended that issuers report on the environmental impacts of funded projects. Post-issuance disclosure provides transparency, ensures accountability and underpins the credibility of green bonds and loans. As the market grows, so does interest in UoP and impact reporting to inform investor analysis and decision-making processes.
Japan - Green finance state of the market 2018 | 2018年グリーンファイナンス市場動向
Japan green finance state of the market 2018 is a detailed overview of the Japanese green bond market. It analyses the developments in the private and public sector for industries with green growth prospects, including low carbon property, transport, forestry and paper and manufacturing. It also identifies climate-aligned issuers and public sector issuers that are already financing green assets.
China Green Bond Market 2018
The third annual China Green Bond Market 2018 report analyzes the key developments in the world’s second largest market, focusing on green bond issuance, policy development and wider market growth. According to the paper, at the end of 2018, total green bond issuance from China reached USD42.8bn (CNY282.6bn), representing a 12% increase year-on-year, cementing the country’s position as the second largest green bond market in the world.
Canada green finance state of the market - 2018
The Climate Bonds Initiative just released the Canada green finance state of the market – 2018 update, which was sponsored by Smart Prosperity and Addenda Capital, who also provided the French translation. The study provides an overview of the latest green bond market trends as of end of December 2018, identifies potential debut issuers from the climate-aligned universe and lays out policy considerations for 2019 and beyond.
Hong Kong Green Bond Market Briefing 2018
The Hong Kong Green Bond Market Briefing 2018 provides an overview of the booming market bolstered by policy support and incentives and growing momentum from the private sector.
It examines a range of green bond deals from domestic issuers and also analyses emerging market dynamics from a broader perspective.
The Climate Bonds Initiative's first Hong Kong Briefing Paper was produced in partnership with HSBC, and supported by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Green Finance Association.
Financing low carbon buildings and energy efficiency in the green bond market | グリーンボンド市場における低炭素建築物お よび省エネ対策への資金調達
This report explores how the green bond market can be accessed to finance low-carbon buildings and energy efficiency upgrades. It reviews a range of issuer types, including property companies, financial intisutions and local governments. Additionally, it highlights the use of securitisation across the world.
ASEAN Green Financial Instruments Guide
Climate Bonds Initiative has released its first guide highlighting financial instruments and mechanisms available from and for public and private entities in the ASEAN region looking to fund green assets. Funding deals for such assets can entail a combination of different sources of financing, depending on the company, asset characteristics and macroeconomic factors.
ASEAN Green Finance State of the Market 2018
Since the first green bond deals in 2016 in the Philippines and Vietnam, ASEAN green bond market players have laid out solid foundations, which have culminated in the total issuance of USD5bn as of the end of November 2018.
2018 Green Bond Market Highlights
• USD167.3bn total green bond issuance*
• 1,543 green bond issues from 320 issuers*
• 204 new issuers, bringing the total to 625*