The Bank of America, EDF and Vasakronan are among those issuing bonds intended to heighten investment in clean energy and water projects.
Last week a series of ‘green bonds’ were launched by corporates that could provide €2.2bn of investment in renewable energy, energy efficiency, water and green building projects.
An increasing number of companies are looking to invest in a sustainable manner, as this is what is expected of them by partners and customers and there has been an increased demand for green investments from the capital market.
The Bank of America was among those involved, issuing a $500m green bond last Thursday. The funds will go towards financing green investments in renewable energy and energy efficiency projects. Investors included BlackRock, California State Teachers’ Retirement System and Trillium Asset Management. The bonds will go towards the banks goal of funding $50bn worth of projects that aim to reduce the impacts of climate change, advance green technologies, and diminish pressure on natural resources.
At the same time, the German development bank has announced it is raising €250m for a series of water initiatives, with the main focus being to clean up the Emscher river.
EDF has also raised €1.4bn in green bonds, with funds set to be channelled into renewable energy projects through its clean energy subsidiary, EDF Energies Nouvelle. The company has stated that the issue has attracted a lot of interest and is well over subscribed.
Additionally, Swedish property group Vasakronan raised €145m last Tuesday to invest in green construction and renovation projects.
Started in year 2010, ‘Climate Himalaya’ initiative has been working on Mountains and Climate linked issues in the Himalayan region of South Asia. In the last five years this knowledge sharing portal has become one of the important references for the governments, research institutions, civil society groups and international agencies, those have work and interest in the Himalayas. The Climate Himalaya team innovates on knowledge sharing, capacity building and climatic adaptation aspects in its focus countries like Bhutan, India, Nepal and Pakistan. Climate Himalaya’s thematic areas of work are mountain ecosystem, water, forest and livelihood. Read>>