Webinar this week explains $346bn universe uncovered in Bonds & Climate Change Report
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London, UK - September 9, 2013 (Investorideas.com renewable energy stocks newswire) The Climate Bonds Initiative, in collaboration with the HSBC Climate Change Centre of Excellence will present their Bonds & Climate Change: the State of the Market 2013 report in a free webinar to be held on Wednesday, 11 September at 12:00 EST time (11:00 CST / 10:00 MST / 9:00 PST / 17:00 London/ 18:00 Paris). The webinar will be hosted by the Principles for Responsible Investment.
This year has seen a significant increase in investor demand for climate bonds as seen in the cases of the recent IFC bond; the Korean Import Export Bank; and the Massachusetts Green Bond. This webinar will look at issuance that can meet that demand.
The study also reveals that:
The total universe of bonds linked to key climate themes stands at USD346bn, double last year's estimate.
The issuance of new climate-themed bonds was USD74bn in 2012, up 25% on 2011.
Carbon-efficient transport, notably rail, accounts for 75% of the total, followed by clean energy and climate finance.
89% of the USD346bn universe is investment grade.
China is the largest issuer at USD127bn, followed by the UK and France.
USD43bn of bonds outstanding was issued by North American issuers
Nick Robins, Director at the HSBC Climate Change Centre of Excellence, said that: "Over the past year, we have seen impressive growth in the issuance of climate-themed bonds, as well as much greater granularity in key sectors and countries. We believe that bonds will play an increasingly critical role in financing the substantial scale-up in low-carbon infrastructure that the world economy urgently requires".
According to Climate Bonds CEO Sean Kidney, "Applying an index-type filter —credit ratings, currencies eligible on benchmark indices, bonds over USD100m — shows there are USD163bn of investment-grade bonds available to international investors on the secondary market."
"Looking ahead, we believe that there will be further expansion of interest from multilateral, municipal and corporate issuers. We also expect increasing demand from the USD21 trillion of institutional investors aligned with the new Global Investor Coalition on Climate Change."
The presentation will explore opportunities for investing in climate-themed bonds and new issuance in the next year. It will also include a discussion with Nick Robins (HSBC) and Sean Kidney about the hurdles faced by the climate bond market and its future potential as shown by the report.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
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