Tag: Green bond market

S&P Global Ratings’ 2018 green bond outlook covered by the specialist press

S&P Global Ratings expects strengthening green bond market fundamentals to fuel about a 30% increase in self-labeled instruments globally in 2018, pushing issuance to around $200 billion for the year (2018). This news, published in a report entitled Green Bonds Issuance Is Expected to Shoot Up Further was covered by the following in the specialist …

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S&P Global Ratings’ Noemie De La Gorce quoted on green bond issuance in Environmental Finance

Noemie De La Gorce, S&P Global Ratings’ primary analyst on the recent 2018 green bond outlook, Green Bonds Issuance Is Expected to Shoot Up Further, spoke to Environmental Finance about her findings. De La Gorce noted that – after playing a key role in the take-off of the green bond market – development banks “now …

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In Sustainable City Network, S&P Global Ratings’ Michael Ferguson considers the growth of the U.S. municipal green bond market

As market interest continues to mount in renewable energy, energy efficiency, and water conservation measures, U.S. cities and states are witnessing substantial reductions in their carbon footprints, as well as an ongoing mass transformation of the energy generation grid. As such, many municipalities are taking advantage of the “green bond” as a way to finance …

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S&P Global Ratings’ Michael Ferguson considers the development and prospects of the U.S. green bond marketplace in American Infrastructure

2017 has seen a surge of global green bond issuances. The Climate Bonds Initiative (CBI) quantified the total figure for H12017 at $55.8 billion – representing a $21.2 billion increase from the same period in 2016. Despite the sharp increase in both America’s municipal and corporate issuances this year, the majority of green bond marketplace …

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“Paris Agreement climate pledges: Where will the money come from?” S&P Global Ratings’ report covered by the specialist press  

  The 2015 Paris Climate Agreement, so far ratified by 168 countries, formalises nations’ efforts to combat climate change. These targets, however, come with a significant price tag: the total implementation cost for countries that have submitted specific financial figures to meet their Nationally Determined Contributions (NDC) stands at about US$5.3 trillion. S&P Global Ratings’ …

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S&P Global Ratings’ Michael Wilkins considers the “greenium” debate in Growth Company Investor

It is often claimed that investors purchasing green-labelled bonds pay an inflated price. Writing for Growth Company Investor, Michael Wilkins, managing director, Environmental & Climate Risk Research, S&P Global Ratings, wades in on the debate. Wilkins notes that the limited supply (and overwhelming demand) of green bonds has driven up their value compared to conventional …

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S&P explains why “green finance is more than just green bonds” in Environmental Finance

In order for a bond to be included on the green bond indices, it must be labelled “green” by the issuer, at the point of issuance. However, not all bonds that contribute to climate change mitigation are labelled “green” and not all green financings are bonds. Nicole Martin, Managing Director, Green Evaluations, S&P Global Ratings, …

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City Of Gothenburg receives first Green Evaluation for municipal green bond, with a score of E2/67, covered by the specialist press

  The City of Gothenburg received a score of ‘E2/67’ on S&P Global Ratings’ new Green Evaluation scale for its Swedish krona (SEK) 1 billion of green bonds due on 15th June, 2022. The bonds, issued on 15th June 2016, have been allocated to fund a number of eligible projects as part of the Swedish …

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S&P Global Ratings releases its Green Evaluation product

On April 26, S&P Global Ratings released its highly anticipated Green Evaluation product – an asset-level environmental credential which builds upon today’s existing frameworks of governance and transparency (e.g. the Green Bond Principles). Although green bond issuance doubled to US$82.6 billion from 2015 levels, the market remains relatively small, representing only 1.4% of a $90 …

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S&P Global Ratings’ Michael Wilkins explains why greater standardisation will allow green bonds to flourish in an article for RICS Property Journal

In light of intensifying environmental and financial pressures, a growing number of corporates are seeking economically sustainable properties that can reduce energy costs as well as fulfil corporate social responsibility commitments. With this in mind, the issuance of green bonds – debt instruments whose proceeds are used to fund environmentally sustainable projects – have been …

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