Green Bonds: Mainstreaming low carbon investment
Friday, January 6, 2012 at 11:06AM The National, 25 December 2011
'[A] financing mechanism to arise from the international negotiating process that spawned Kyoto is the Green Climate Fund, which is meant to funnel $100bn a year by 2030 towards climate change abatement projects in developing nations. But nations have yet to agree on who will pay into the fund and who will run it.
That's where green bonds come in, hopes Sean Kidney, the co-founder of Climate Bonds, a green bonds organisation.
"The world is shifting to these kinds of products in recent years," says Mr Kidney. "The investors don't want to take a haircut. The awareness of macro risks of climate change means that given the choice between a fossil fuel product and a green product where the risk-reward ratio is the same, they will choose the green product."
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