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Tag Archives: green bonds

Green Bonds Offer a Solution for China’s Green Finance Challenges

By Paul Davies, Bridget Reineking, and Andrew Westgate Since establishing the People’s Bank of China’s Green Finance Task Force in 2014, China has encouraged green financing mechanisms through a variety of pioneering initiatives. For example, the country has designated five green finance pilot zones, within which financial institutions are incentivised to provide credit and special … Continue Reading

China’s Securities Regulator Issues New Green Bond Guidelines

By Paul Davies, Aaron Franklin, and Andrew Westgate The China Securities Regulatory Commission (CSRC) released new guidelines (the Guidelines) on the issuance of green bonds on March 2, 2017, marking an important step in the development of what is now the world’s largest green bond market, accounting for 39% of global issuances by principal amount issued … Continue Reading

Green Finance Growth Set to Continue

By Paul Davies and Michael Green The Vice-President of the European Investment Bank, Jonathan Taylor called for “a renewed effort from the world’s financial institutions to make the Paris Agreement a reality” at the COP 22 Conference, held last month in Marrakesh. Green finance will have an instrumental role to play in the transition of … Continue Reading

China to Promote Green Finance at G20

By Paul Davies and Andrew Westgate Now in its eleventh year, The G20 Summit heads to the city of Hangzhou, China – the first time a G20 summit has been held for heads of state in China. As this years’ destination, China is maximising its role as the host nation to not only highlight its … Continue Reading

Green Bonds: Green Striping to Fuel China’s Green Economy?

By Paul Davies and Aaron Franklin China has become the world’s largest green bond market, with green bonds issued in the first half of 2016 reaching 75 billion yuan (US$11 billion), 33% of the world total. This figure is approximately two percent of the total assets of China’s commercial banks, and demand for green bonds … Continue Reading

Is Green Striping the Future of Green Bonds?

By Aaron Franklin Green Bonds have led a tremendous growth in environmental finance over the past five years, but that growth has been heavily-weighted towards investment grade credits with their accompanying risk/return.  The predominance of investment-grade credits partially results from the all-or-nothing approach of Green Bonds – the bond is either 100% green or 0% … Continue Reading

China Sustains Green Bonds Momentum

By Paul Davies and Andrew Westgate Green bonds, which tie the proceeds of the issuance to investments that have positive environmental and/or climate benefits, are a rapidly growing asset class. Recent figures have corroborated the narrative of growth predicted by industry experts. In the first quarter of 2016, green bonds totalling US$17 billion were issued … Continue Reading

China Gives Green Light for Green Bonds

By Paul Davies and Andrew Westgate China has launched a green bond pilot initiative via the Shanghai Stock Exchange, encouraging further foreign investment in a rapidly growing asset class and paving the way for issuances by non-financial institutions. This initiative closely follows the publication of green bond guidelines in December 2015 by the National Association … Continue Reading

How Environmental Lawyers Can Drive the Development of Green Bonds

By Cesare Milani and Alice Gunn With US$100 billion of issuances anticipated by year end, the green bonds market is increasingly attracting the attention of corporations, supranational entities, multilateral banks, cities and municipalities seeking to raise capital for projects or investments with a positive environmental impact. There was a threefold increase in green bond issuances in … Continue Reading
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