Tag Archive: Green bonds

S&P Global Ratings’ Michael Wilkins calls for greater disclosure of green bond issuances in Environmental Finance

Speaking to Environmental Finance, S&P Global Ratings’ Michael Wilkins, Managing Director, Environmental & Climate Risk Research, appeals for greater attention to effective disclosure of green bond issuances to ensure that their environmental objectives are met. A report by S&P Global Ratings has found that a lack of transparency and governance measures is significantly affecting the …

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S&P Global Ratings’ Michael Ferguson explains the performance of the US green bond market in Renewable Energy World

2017 marks a year of outstanding growth in the global green bond market, but the US is trailing behind. Partisan gridlock over federal climate change policy has translated into uncertainty over investment conditions for renewable development and has slowed green bond uptake. Yet, significant decarbonisation activity at state level means that this uncertainty has not …

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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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On the ICC’s blog, S&P offers its perspective on green finance and COP23

With environmental disasters becoming an increasing risk, businesses and policymakers around the world are sitting up and taking note of the effects of climate change on trade. Spurred by the 2015 Paris Agreement, carbon-reductive practices in energy and infrastructure – and the necessary financing – are rising, with green bond issuance nearly doubling in 2016 …

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S&P Global Ratings’ first South American Green Evaluation scores E1/85, covered by the Spanish-speaking press.

S&P Global Ratings assigned its first Green Evaluation in South America to the municipal bonds issued by the Province of La Rioja, Argentina, totalling US$170 million. The green-labelled bonds will be used to partly finance the development of the onshore wind farm, Parque Arauco – which will see its current 50.4 megawatts (MW) capacity increased …

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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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Green bonds see blue: S&P’s Ted Chapman writes for Water Canada

In 2016, the number of green bond issuances doubled to US$83 billion — boosted by China’s US$36 billion of new issuances, and raising the total outstanding green bond debt to approximately US$200 billion. With issuance in 2017 on track to exceed expectations, the green marketplace is increasingly seeing bonds that are issued to fund water-related …

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S&P talks to Handelsbanken about the connection between credit and ESG risk

Talking to Handelsbanken, Marcus Nystedt, Director, explains how he is increasingly aware of the growing attention to, and materiality of, environmental and climate risk for the creditworthiness of corporates and financial services. Moreover, having released a new Green Evaluation tool in the spring of 2017, Nystedt discusses its aggregate scoring mechanism and S&P’s increasing presence …

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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 assigns first green evaluation to Cross Sound Cable LLC, covered by the specialist press

S&P Global Ratings’ first assigned Green Evaluation was to Cross Sound Cable LLC – a high voltage electrical transmission company. Argo Infrastructure Partners used US$120 million of privately placed debt to fund a portion of the acquisition of the Cross-Sound Cable project in August 2015. This undersea cable project transmits power from renewable-rich New England …

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