China key to growth of green bond market in 2016
Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.
Brazil’s BNDES raises $1 billion through issue of green bonds
The funds will be devoted to large-scale wind and solar projects across Brazil.
GCL New Energy secures go-ahead for $254 million of green bonds
The Shenzhen stock exchange has approved a proposal by Suzhou GCL New Energy Investment, a unit of the Chinese PV group, to issue the bonds.
