world-bank

California State Treasurer (and Climate Bond Standards Board member) Bill Lockyer today announced the State has completed a deal to buy $400 million of World Bank green bonds.

Proceeds of bonds issued under the World Bank program finance renewable energy and other, non-nuclear, projects around the globe to fight climate change. The State will get a 0.51 percent yield on the two-year bonds - roughly double this week’s rate on two-year US Treasuries.

The European Investment Bank (the EIB), the EU's bank, is the world's largest clean energy lender. True! Yet their lending is not (yet) enough to achieve the transition to a low-carbon economy the EU needs and has mandated by 2050.

1. BofA Merrill Lynch announced this week that it would offer World Bank (WB) green bonds to its wealth management clients.

Following in the footsteps of other multi-national development banks like the World Bank, the Asian Development Bank and the European Bank for Reconstruction and Development, the IFC have decided to try Japanese retail investors. They've issued $135 million of green bonds, in four tranches, with the last three tranches out 17 Ma

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.