banks

> At NYC Environmental Conference this week Citibank director of structured finance Stuart Murray said: "The Climate Bonds market is ready to explode." He added: "The demand for climate bonds among investors we talk to is robust ... the issue is just that we’re not seeing that many bonds coming to market." Come on originators!

A bill passed by the Connecticut General Assembly yesterday reconstitutes the State’s existing Clean Energy Fund to form the nation’s first full-scale “Green Bank”. Congratulations to the Coalition for Green Capital and others who've been pushing for this in the US.

Story at: http://us2.campaign-archive1.com/?u=445b6e705bfc895d1cec1626f&id=bce2705...

Eversheds law partner Michele Thomas, speaking at this week's Environmental Bonds Conference in London, said that the banks her firm has been working with on renewable energy transactions are preparing to securitise those loans and sell their exposure via green bond structures. Eversheds is one of the top ten law firms in the UK.

A recent report prepared for Barclays by Accenture has placed the need for the standardisation of green bonds front and centre for efforts to finance a low carbon economy.

The Asian Development Bank (ADB) has sold US$232.2 million worth of Clean Energy Bonds in the Japanese retail market to support its renewable energy and energy efficiency projects in Asia and the Pacific. Lead manager was HSBC.