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According to the Wall Street Journal’s MoneyBeat column, Mario Draghi on Thursday said the European Central Bank (ECB) was working to promote a funding market for asset-backed securities, which allow banks to pool together shorter-term debt they have sold – such as car loans, credit cards, and residential mortgages – and sell thos

Interesting development over Summer was from South African’s Nedbank, which announced it was going to raise R4bn ($490m) from a green savings bond programme, the proceeds of which will be used to finance renewable energy projects in South Africa. This will be a great test of demand.

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.