Scaling up Green Bond Market for Sustainable Development
A strategic guide for the public sector to stimulate private sector market development for green bonds

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Authors: Beate Sonerud    Sean Kidney   

Published By: UNEP Inquiry    Climate Bonds Initiative   

Date: Dec 2015

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Scaling up Green Bond Market for Sustainable Development

This guide argues that with the right support in place USD 1 trillion of green bonds could be issued a year by 2020 – providing a significant contribution to closing the investment gap for climate-friendly infrastructure in both developed economies and emerging markets. It argues for several sets of policy actions to support and enable the green bond market to grow:

  • Market building activities are low cost means to enable green bond markets to grow: Establish green project pipeline, strengthen local bond markets, strategic public green bond issuance and development of green bond standards.
  • Proven support tools provide an additional boost to the market at its early stage: Strategic public green bond investment, credit enhancement, tax incentives and development of instruments to aggregate assets and structure risks.
  • Innovative ideas are being trialed in some countries: Adjust risk weightings for green investments, preference green investments in central bank operations.
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