Reports

  • 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.

  • Oportunidades de Investimento em Infraestrutura a Nível Municipal no Brasil

    Este estudo foi feito com o objetivo de conscientizar os principais setores responsáveis pela infraestrutura no Brasil e construir uma série de atividades de educação de mercado no segundo semestre de 2018. Uma vez que um pipeline de projetos seja identificado, um relatório mais amplo será produzido, especificando as barreiras do mercado e detalhando recomendações de regulamentação e políticas para liberar o potencial de investimento no setor.

  • 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 2018

    The 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

    Post-issuance reporting on 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

    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.

     

    Key Figures

  • 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.

  • 中国绿色债券市场2018

    第三份中国绿色债券市场报告,对此全球第二大绿色债券市场2018年的关键发展进行了分析,聚焦绿色债券发行情况、相关政策制定和更广泛的市场增长。

  • 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.

  • 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 with Green Bonds

    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. 

  • Bonos y Cambio Climático - Estado del Mercado 2018

    En el reporte de 2018, el cual compila y analiza las emisiones de bonos alineados a

  • 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

    Key figures:

    • USD167.3bn total green bond issuance*

    • 1,543 green bond issues from 320 issuers*

    • 204 new issuers, bringing the total to 625*