In a chapter for a new IFR Intelligence Report on Sustainable Banking, Sean Kidney, Christopher Flensborg, Alex Veys and Bryn Jones argue that the nascent environmental theme bond market heralds the arrival of a major class of theme bonds (climate bonds), as ins
A discussion paper released today by the Climate Bonds Initiative reviews experiences with State infrastructure banks in Europe and the US. The paper says that there are a wide range of financial engineering options that a Green Infrastructure Bank could use to to leverage public funds to support an increased flow of private investment into clean energy and climate change mitigation projects.
The Climate Bonds Initiative called today for the "greening" of the European Investment Bank (EIB). The call was in response to the EIB's push this week to become the main route for EU climate cash to the developing world.
Speaking in London's Canary Wharf, Climate Bonds Initiative Chair Sean Kidney said: "We support the bank becoming a conduit for European Union climate financing; climate investment banks will be a key part the financing of a rapid transition to a low-carbon economy".
A day after launching a 600m Swedish Kroner Green Bond, the World Bank has launched another 10 new Green Bonds denominated in different currencies.
The 10 bonds are primarily for the new, open-ended, Nikko World Bank Green Bond fund, previously reported.
Nomura Securities Co. has announced that it will start selling environment-related bonds issued by Nordic Investment Bank on January 22.
Nordic's three-year bonds will be available in the New Zealand dollar and South African rand, with funds expected to be applied to loans for renewable energy and many other environmental projects.
Japanese media are referring to the bonds as "green bonds", a sign of local interest in such issues.
