I have worked on and off for the creation of green bonds to fund green infrastructure development in the UK for more than eight years, usually with environmentalist and Green New Deal coordinator Colin Hines, who is my partner in Finance for the Future. As a result of this work I am a member of the Climate Bonds Initiative, an informal group of professionals working on this issue from around the world.
Ben Caldecott is another member of that group and he has an article in the Guardian today explaining the importance of Green bonds. I recommend the article to anyone with even the vaguest interest in this issue.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
Isn’t the problem here that bond investors require returns, which might be hard to come by from Green projects, especially if there is competition. One only has to look at the performance of Vestas (or similar companies or indicies) recently to see there is huge volatiltiy in clean/green energy. Which is not what bond investors want to see, and they would need to be compensated for this extra risk.