In a major boost to the green bonds market in emerging countries, the Asian Development Bank lent support to a project-specific green bond in the Philippines. The Asian Development Bank has backed a Climate Bond worth US$225 million issued by Philippines-based developer AP Renewables, a subsidiary of AboitizPower Corporation. Proceeds … [continued]
Thanks to recent rapid growth in the labelled “green bonds” sector, the total for climate-related bonds issued over the past decade has now risen to $600 billion, according to a new report from the Climate Bond Initiative. This latest state-of-the-market report noted that around 10% of the total $600 billion … [continued]
The same day as it revealed its first quarter 2015 results, American multinational banking company Citigroup has announced its intention to invest $100 billion into “activities that reduce the impacts of climate change and create environmental solutions that benefit people and communities.” The commitment is double the company’s previous goal … [continued]
Another strong quarter for issuances of green bonds has taken the year’s total up to $32 billion, more than double the total issued during 2013, and fuelling predictions that 2015 could see $100 billion worth of green bonds issued. Data from the Climate Bond Initiative published Tuesday claimed $9.2 billion … [continued]
