Green bonds market grows by 60% in a year
From theguardian.com |Published Thursday 17 July 2014 06.00 BST
by Gavin O’Toole
The market for green bonds has grown 60% this year compared to 2013, surpassing expectations and leading experts to say a niche has now become mainstream.
The climate bonds initiative (CBI) and HSBC said on Thursday that green bonds with a total value of $18.3bn (£10.7bn) were issued in the first half of 2014.
The figure greatly exceed issuance of $11bn in 2013 and have been fuelled by the activity of corporations, investment banks and even local authorities that are now piling into a market previously dominated by multilateral banks and agencies.