The green bond market - bonds whose proceeds are used for green projects, most commonly climate mitigation and adaptation projects - is growing rapidly, with outstanding issuance at US$66bn in June 2015. This growth needs to be accelerated to keep pace with the climate challenge.
This briefing paper offers a range of options for building green bond markets which ultimately will help policymakers, regulators and public financial institutions meet their infrastructure investment needs, capital market development aims, and targets for climate action and environmental protection. This paper is the first result of a partnership between the Climate Bonds Initiative, UNEP Inquiry and the World Bank Group that will produce a guide to practical options for policy makers to scale up green bond markets for sustainable development.
Scaling Up Green Bond Markets for Sustainable Development: A strategic guide for the public sector to stimulate private sector market development for green bonds argues that with the right support in place USD 1 trillion of green bonds could be issued a year by 2020 – providing a signifi
This guide has been developed in response to the interest of developing markets in the potential for capital markets to connect institutional private capital with projects that deliver positive environmental impact.
The government of India aims to dramatically increase the amount of installed renewable energy and is currently focused on arranging and facilitating the needed capital investment to achieve targets.