REGI estimates the offering will net approximately $489 million, which will be used to finance or refinance, in part or in full, new and/or existing eligible green projects, including the expansion of its Geismar, Louisiana biorefinery.
Renewable Energy Group, Inc. is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and one of North America's largest producers of advanced biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. The company utilizes an integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REGI produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction, according to the release.
(Source: Renewable Energy Group, Inc. Website PR, 4 May, 2021)
Contact: Renewable Energy Group, Todd Robinson
Deputy CFO, (515) 239-8048, firstname.lastname@example.org, www.regi.com
More Low-Carbon Energy News Renewable Energy Group news, REGI news, Biofuel news, Ethanol news,
BREEAM is the world's leading sustainability assessment methodology for master-planning projects, infrastructure and buildings. It recognizes and reflects the value in higher performing assets across the built environment lifecycle, from new construction, through performance in operation, to refurbishment. BREEAM does this through third party certification of the assessment of an asset's environmental, social and economic sustainability performance, according to its website.
WashREIT owns and operates 43 properties includes nearly 7,000 multifamily apartment units and approximately 3.4 million square feet of commercial space in Washington, DC.
The global green bond market expected to exceed $ 1 trillion by the end of 2021. (Source: WashREIT, PR, Apr., 2021) Contact: WashREIT, 202.774.3200, www.washreit.com; BREEAM USA, 415-747-5152, email@example.com www.breeam.com/usa
More Low-Carbon Energy News Green Building, BREEAM, Energy Efficiency, Green Bond,
Feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling over 20,000 milking cows. When fully operational, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year. Construction of the RNG Project is expected to begin by the end of April 2021 and start up is expected in early 2022.
The proceeds of the Green Bond Offering, combined with Gevo equity, will be used to finance the construction of the RNG Project which will incorporate three anaerobic digesters and related equipment. (Source: GEVO, PR, Website 15 Apr., 2021)Contact: GEVO Inc., Patrick Gruber, CEO, 303-858-8358, firstname.lastname@example.org, www.gevo.com
More Low-Carbon Energy News GEVO, RNG,
In February 2016, Apple issued its first $1.5 billion Green Bond, following up with its second round of $1 billion in June 2017 after the Trump administration announcement of its intention to withdraw from the COP21 Paris Climate Agreement . In November 2019, Apple issued its third set of Green Bonds and its first in Europe, with two bonds each at €1 billion ($2.2 billion US).
Apple has invsted roughly $2.8 billion in projects that address carbon emissions. (Source: Apple, PR, Mar., 2021) Contact: Apple, www.apple com
More Low-Carbon Energy News Apple, Renewable Energy, Green Bond, Carbon Emissions,
In 2019, CIBC committed $150 billion in support of environmental and sustainable finance activities by 2027 and has to date achieved 28 pct of this goal. The bank also issued the climate-related disclosure report Building a Sustainable Future aligned with the Task Force on Climate-Related Financial Disclosures.
In 2020, CIBC issued a $500 million(US), five-year green bond to help finance new and existing green projects, assets, and businesses that mitigate the risks and effects of climate change. These include renewable energy, green buildings, clean transportation, natural resource conservation, biodiversity conservation, energy efficiency, and pollution prevention and control. Also in 2020, CIBC ranked among the top-tier of global banks for climate change action by the Carbon Disclosure Project (CDP).
CIBC, which recently became the first Canadian bank to join RMI's Center for Climate-Aligned Finance, has more than 10 million personal banking, business, public sector and institutional clients and $768.545 billion (Cdn) in total assets. (Source: CIBC, Website News, Feb., 2021)
Contact: CIBC, Nima Ranawana, 647-456-4556, email@example.com,
www.cibc.com; Partnership for Carbon Accounting,
More Low-Carbon Energy News CIBC, Carbon Emissions , Partnership for Carbon Accounting,
Toronto-headquartered CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients and $768.545 billion (Cdn) in total assets.
(Source: CIBC, PR, 14 Dec., 2020) Contact: CIBC, www.cibc.com/en/about-cibc/corporate-responsibility/environment.html; CDP, Lance Pierce, Pres. North America, (212) 378 2086, firstname.lastname@example.org, www.cdp.net
More Low-Carbon Energy News Carbon Disclosure Project, CIBC, CDP, Climate Change,
Bond proceeds are to be used to finance and refinance acquisitions and the construction or refurbishment of buildings to meet BREEAM , LEED and other recognized efficiency standards.
GTC manages a real estate portfolio of 45 commercial buildings in Poland, Budapest, Bucharest, Belgrade, Zagreb and Sofia and has a retail and office development pipeline of around 354,000 sqm, of which 66,000 sqm is currently under construction, according to the release. (Source: GTC Real Estate, PR, Dec., 2020) Contact: GTC Real Estate Development Hungary, +48 22 16 60 700, www.gtc.hu
More Low-Carbon Energy News Energy Eddiciency, Green Building, Green Bond,
The bond proceeds will be used to finance projects such as green building construction, the development and operational maintenance of green buildings and to acquire new, refurbished, or existing buildings that receive LEED, ENERGY STAR® and other industry-leading certifications. Bond proceeds will also be used to fund energy-efficient projects within the company's current portfolio, including operational enhancement and other sustainable maintenance.
(Source: CenterPoint Properties, PR, Mercom, 3 Nov., 2020) Contact: CenterPoint Properties, (630) 586-8000, www. centerpoint.com; LEED,US Green Building Council, Mahesh Ramanujam, Pres., CEO, (202) 552-1500, www.usgbc.org; US DOE, ENERGY STAR, www.energystar.gov
More Low-Carbon Energy News CenterPoint Properties, LEED, ENERGY STAR, Energy Efficiency ,
Green bonds, which raise money for climate and environment projects, were slow to get off the ground when they were first launched in 2007. However, in the last few years, green bonds in various forms attracted about $258 billion of investments in 2019 for a 51 pct increase on a year on year basis.
As per Morgan Stanley Capital Index, about 70 pct of the green bonds issuance are in alternative energy (38 pct), green buildings (17 pct) and sustainable transport (15 pct).
(Source: FE Analytics, Policy Times, Oct., 2020)Contact: FE +44 20 7534 7600, www.feanalytics.com
More Low-Carbon Energy News FE Analytics, Green Bonds,
In Q1 this year, China's issuance of green bonds that only met domestic definitions totaled US$7.97 billion, well above $4.37 billion for the globally aligned bonds, according to the Climate Bonds Initiative (CBI). For the second quarter through June alone, green bonds issued on the Chinese standards more than doubled to $5.92 billion from the previous quarter, while the globally aligned green bonds also nearly doubled to $2.82 billion, CBI added.
In 2019, locally aligned green debt in China totaled US$24.5 billion, less than $31.3 billion for the bonds aligned with the global standards, according to the CBI.
On the definition of projects, the international guidelines pay more attention to climate change mitigation and adaptation, while China's domestic rules emphasize environmental benefits such as pollution reduction, resource conservation and ecological protection in addition to the reduction of greenhouse gas emissions, according to a 2019 CBI report.
(Source: CBI, People's Bank of China, Hellenic Shipping News, Sept., 2020) Contact: People's Bank of China, www.pbc.gov.cn; Climate Bonds Initiative, www.climatebonds.net
More Low-Carbon Energy News Climate Bonds Initiative, Clean Coal, Carbon Emissions, Green Bond,
Bank of Ireland's Responsible and Sustainable Business Initiatives include:
In its effort to address climate change and climate change related risks, the Bank of Ireland became a signatory to the UN Principles for Responsible Banking in 2019 and a supporter of the Task Force on Climate-related Finance Disclosures (TCFD) in 2020. (Source: Bank of Ireland, PR, Finextra, 3 Sept., 2020)
Contact: Bank of Ireland: Mark Spain, CSO, www.bankofireland.com
More Low-Carbon Energy News Green Bond, Renewable Energy, Climate Change, Energy Efficiency,
In August, the German Finance Ministry announced it would raise as much as €11 billion this year 2020 to support climate-related projects. A further bond issue is expected to be offered before the end of the year. (Source: German Finance Ministry, Space Daily, AFP, 2 Sept., 2020) Contact: LBBW, Elmar Voelker, +49 711 127-0,
email@example.com, www.lbbw.de; German Finance Ministry, www.bundesfinanzministerium.de
More Low-Carbon Energy News Green Bond news, Climate Change news,
According to the Visa Green Bond Framework, the bond proceeds will be used to fund: upgrades to buildings, energy efficiency improvements, expanded usage of renewable energy sources, water efficiency projects, employee commuter programs, research and initiatives focused on sustainable consumer behaviors, and other related projects. The proceeds also will support projects to inspire and foster sustainable living in support of the United Nations Sustainable Development Goals.
These projects build on Visa's sustainability leadership, including its transition to 100 pct renewable electricity across its operations achieved at the start of 2020. (Source: Visa Inc., PR,Business Wire, 11 Aug., 2020) Contact: Visa Inc., Lindy Mockovak , firstname.lastname@example.org,
More Low-Carbon Energy News VISA, Green Bond, Renewable Energy, Energy Eficiency,
Previous government-backed green programmes to spur homeowner investment in insulation and other energy-efficiency measures were "shoddily carried out or drew little interest and failed to produce clear energy savings," and have been mostly discontinued, according to a government audit. Now, to revive interest in such efforts and train more people to do the work "we have to do for retrofit what we did about 15 years ago for recycling and waste." About 430,000 new workers are needed to deliver "anything like the level of retrofits that will be required", according to Paul Toyne of the London Sustainable Development Commission.
The UK Green Building Council (UKGBC) notes the government is looking at whether a home energy-efficiency push should be part of the package of COVID-19 pandemic recovery spending.
Energy efficiency retrofitting work could be pushed forward by measures such as lower property transfer taxes on energy efficient homes and issuing green bonds to fund retraining in retrofitting skills for workers left jobless by the COVID-19 crisis, according to Green Finance Institute director Emma Harvey. (Source: London Sustainable Development Commission, Business Times, Reuters, 4 July, 2020)
Contact: London Sustainable Development Commission, www.london.gov.uk/about-us/organisations-we-work/london-sustainable-development-commission; UK Green Building Council, John Alker, Policy Director, www.ukgbc.org
More Low-Carbon Energy News Energy Efficiency, UK Green Building Council ,
The company is now reporting the upcoming opening of 4,700 t/yr B100 certified to Europe's EN14214 biodiesel standard production plant in South Africa. In 2019 the company expanded into India's Delhi and Bahrain in 2019 with B100 plants of 4,700 t/yr and 2,400 t/yr respectively. Funds raised from green bonds listed on Germany's Frankfurt stock exchange in 2019 are partly financing the company's growth.
Neutral Fuels notes it has no plan to export to international markets but rather aims to enhance waste-based biodiesel consumption in the regions where it is located by replicating the localized supply chain model used in its Dubai operations. (Source: Neutral Fuels, Argus, 28 April, 2020) Contact: Neutral Fuels, Karl Feilder, CEO, email@example.com, www.tng.ae, www.biodiesel.ae
More Low-Carbon Energy News Neutral Fuels, Biodiesel ,
The bonds will be listed on Euronext Amster
Operated by the Schiphol Group. (Source: Royal Schiphol Group, CAPA, April 10, 2020) Contact: Royal Schiphol Group, www.schiphol.nl/en/schiphol-group
More Low-Carbon Energy News Green Bond,
The 10-year green bond -- Africa's largest and South Africa's first offshore green bond issuance -- is compliant with the International Green Bond Principles and will enable Standard Bank Group's Sustainable Finance Business Unit to on-lend to and finance climate-smart projects in South Africa such as renewable energy, energy efficiency, water efficiency and green buildings.
(Source: IFC, 2 Mar., 2020) Contact: IFC, www.ifc.org; Standard Bank of South Africa, Nigel Beck, Sustainable Finance, www.standardbank.co.za
More Low-Carbon Energy News IFC, Green Bond, Climate Change,
The survey also notes that Social Bonds also maintained visibility with $5.5 billion of issuance within the labeled market. Climate bonds remained focused on green bonds, which are specifically linked to climate-change mitigation, adaptation and resilience.
"Green" bonds are debt securities issued by financial, non-financial or public entities where the proceeds are used to finance 100 pct green projects and assets.
In an effort to increase environmentally sustainable investments, India joined the International Platform on Sustainable Finance (IPSF) in October 2019. IPSF acknowledges the global nature of financial markets which can help finance the transition to a green, low carbon and climate resilient economy by linking financing needs to the global sources of funding. (Source: IBEF, Energy Infra Post, 16 Feb., 2020) Contact: IBEF Economic Survey,
More Low-Carbon Energy News Green Bond, Climate Bond,
Of the total €500 million issuance, 74 pct would be used for renewable energy, 13 pct for environmentally sustainable management, 11 pct for energy efficiency, and 2 pct for clean transportation and pollution prevention.
BNP Paribas is acting as the sole green structuring advisor and joint book runner. (Source: National Grid, Business Green, 14 Jan., 2019) Contact: UK National Grid, Kayte O'Neill, Head of Strategy and Regulation, www2.nationalgrid.com/uk
More Low-Carbon Energy News National Grid , Green Bond,
An amount equal or equivalent to the net proceeds of the Green Securities will be used to finance and/or refinance one or more of the new or existing loans and investments including renewable energy -- wind and solar projects, bioenergy, energy efficiency, waste and water management, building sustainability, clean transportation and other "green" projects.
Credit Agricole Group, sometimes called "la banque verte" due to its historical ties to farming, is the world's largest cooperative financial institution. It consists of a network of Credit Agricole local banks, the 39 Credit Agricole regional banks, and a central institute, the Credit Agricole S.A.. Credit Agricole supports environmentally engaged companies and projects which implement best practices in terms of energy transition and climate change strategies in line with the COP25 Paris Agreement.
(Source: Daiwa Securities, Credit Agricole, PR,
23 Dec 2019)
Contact: Daiwa Securities , www.daiwa-grp.jp › english; Credit Agricole, www.credit-agricole.fr
More Low-Carbon Energy News Credit Agricole, Green Bond, Green Securities, Daiwa Securities ,
The bank has set aside $500 (US) million for the project, which it will invest in green bonds issued by infrastructure companies. The core criteria of the fund is to finance projects that help the nation in which they are based meet their commitments under the UN Paris Climate Agreement 2015.
To date, AIIB has raised roughly $20 billion in paid-in equity from its 75 member nations and a total of almost $100 billion of subscribed equity, of which only $10 billion has been invested, according to the release.
(Source: Asian Infrastructure Investment Bank, Financial Review. James Fernyhough, 24 Nov., 2019) Contact: Asian Infrastructure Investment Bank, www.aiib.org
More Low-Carbon Energy News Asian Infrastructure Investment Bank ,
The Green Investment Programme
will direct funds to asset managers who will in turn invest the funds in public market firms focused on
introducing environmental and sustainability considerations into investments in renewable and bioenergy technology, grid infrastructure, battery storage, green buildings, energy efficiency and optimizing energy conservation and consumption.
(Source: Monetary Authority of Singapore, International Finance, 12 Nov., 2019) Contact:
Monetary Authority of Singapore, +65 6225 5577,
+65 6229-9229 -- fax, (212) 809 1900 -- US Office, www.mas.gov.sg
More Low-Carbon Energy News Green Finance, Green Bond, Renewable Energy, Energy Efficiency, Climate Change,
The strategy aims to accelerate climate action in the bank's members and address the underdevelopment of the climate bond market. The fund will invest in labelled green bonds and unlabelled climate bonds and will engage with issuing companies to help them transition their business models to increase climate resilience and green leadership.
Amundi is an asset management company with €1,425 billion of assets under management at the end of 2018, and is is the largest asset manager in Europe. (Source: Amundi, City Wire, 10 Sept., 2019)Contact: Amundi International, www.amundi.com; Asian Infrastructure Investment Bank, www.aiib.org
More Low-Carbon Energy News Green Bond, Climate Bond, Carbon Emissions, Climate Change,
The proceeds of the five-year green bond will finance IFC low-carbon investments in green projects, including renewable energy, green buildings, sustainable forestry, and energy efficiency.
Approximately half of the investments were from Canadian interests Canadian, followed by Asian (26 pct), EMEA (16 pct) and the Americas (8 pct).
IFC issued it firs Green Bond its first issuance in 2010. (Source: IFC, Saur Energy, 7 Sept., 2019)
Contact: World Bank International Finance Corporation, www.ifc.org
More Low-Carbon Energy News International Finance Corporation, Green Bond, Low-Carbon Energy,
Australia is tenth overall in cumulative global green bond rankings as of 30 June 2019. Total domestic issuance to date includes 35 deals -- some comprising multiple tranches -- from 15 issuers.
Australia’s annual green bond issuance in the 2018 calendar year nearly doubled, from $3.3 billion in 2017 to $6 billion.
(Source: Climate Bonds Initiative, Sustainability Report, Pro Bono News, 3 Sept., 2019) Contact: Climate Bonds Initiative, Sean Kidney, CEO, www.climatebonds.net
More Low-Carbon Energy News Green Bonds, Low Carbon,
Developed and created by the IFC, EDGE is a measurable way for builders to optimize their designs, leading to a more investment-worthy and marketable product. EDGE helps project design teams and owners identify and assess the most cost-effective ways to incorporate energy and water saving options into nuilding projects.
In December 2018, Bank Winhoek and IFC collaborated to develop the Bank's Green Bond Framework for the Green Bond. The Bank obtained additional sources of funding for its green lending activities by raising funds in the debt market through a local Green Bond issuance, of which the proceeds will be used solely to finance eligible green projects and assets throughout Namibia.
(Source: IFC, Bank Windhoek, New Era, 20 Aug., 2019)
Contact: Bank Windhoek, www.bankwindhoek.com.na; World Bank International Finance Corporation, www.ifc.org
More Low-Carbon Energy News International Finance Corporation ,
The EIB, the world's first and largest issuer of green bonds,
is the long-term lending institution of the European Union owned by its 28 Member States. The EIB aims to dedicate at least 25 pct of its investments to climate change mitigation and adaptation, supporting low-carbon growth with climate resilience. In 2018, and for the ninth consecutive year, the EIB exceeded its climate finance target, providing €16.2 billion to promote climate action.
(Source: European Commission, PR, 8 Aug., 2019) Contact: European Commission, www.eceuropa.eu
More Low-Carbon Energy News European Investment Bank , Wind,
The bond is the first to be issued under Hong Kong's HK$100 billion ($12.74 billion) green bond program to fund projects around clean transportation, air quality improvement and green buildings.
"Green bond" issuance worldwide to date this year stands at $41.3 billion, $12 billion of which was raised in Asia. (Source: Reuters, Various Media, May, 2019)
More Low-Carbon Energy News Green Bond,
When fully operational, the facility will convert 100,000 tpy of plastic into 18 million gpy of fuel and 6 million gpy of wax. By working with New Energy Risk (NER), RES Polyflow has reduced the overall cost of project capital, increased the certainty of execution, and made the bond offering more attractive to investors.
RES Polyflow and its San Francisco-based parent development company, Brightmark Energy, raised an aggregate amount of $260 million, including $185 million in Indiana green bonds, underwritten by Goldman Sachs & Co. To streamline the financing, the companies approached NER, an affiliate of the global reinsurance group AXA XL, a division of AXA, to design a custom performance insurance policy that would mitigate technology risk for financiers interested in investing in this revolutionary project and the company's process that can convert 500,000 tpy of waste into 50 million gpy of biofuel .
The Indiana plant superheats and then converts plastic into ultra-low sulfur diesel and naphtha blend stocks, as well as commercial grade wax.
(Source: AXA XL, PR, 23 April, 2019) Contact: AXA AL, www.axaxl.com;
New Energy Risk, (650) 204-4279, firstname.lastname@example.org, www.newenergyrisk.com;
Brightmark Energy, Bob Powell, CEO, (415) 689-8395, email@example.com, www.brightmarkenergy.com; RES Polyflow, www,respolyflow.com
More Low-Carbon Energy News Brightmark Energy, RES Polyflow, Plastic-to-Fuel,
The company aims to neutralise its Scope 1 and Scope 2 emissions -- all direct sources of emissions owned or controlled by Verizon, the main ones being fuel to power fleet, heat buildings and power back-up generators. Scope 2 concerns indirect emissions sources generated off-site but purchased by Verizon.
As previously reported, in February, Verizon launched a $1-billion green bond to fund both new and existing environmentally friendly investments. (Source: Verizon, Renewables, 24 April, 2019)
Contact: Verizon, Jim Gowen, Chief Sustainability Officer, www.linkedin.com/in/james-gowen-6b4619143, www.verizon.com
More Low-Carbon Energy News Verizon, Carbon Emissions, Carbon Neutral,
recently implemented several strategies to increase energy efficiency in its larger wireless core data centers, including uninterruptible power supplies, high-efficiency motors, and whole-building control systems. The move is in keeping with the company's
goal of sourcing 50 pct -- about 2,000 MW -- of its electric power usage from renewable generation by 2025. (Source: Verizon, Fierce Telecom, 11 Feb., 2019) Contact: Verizon, Jim Gowen, Chief Sustainability Officer, www.linkedin.com/in/james-gowen-6b4619143, www.verizon.com
More Low-Carbon Energy News Verizon, Green Bond, Energy Efficiency,
Proceeds from the bond offering are earmarked for AC Energy's low-carbon energy projects in the Asia-Pacific region. The bonds received pre-issuance certification as climate bonds under the Climate Bonds Standard (CBS).
(Source: AC Energy, Asset ESG Forum, 10 Feb., 2019) Contact: AC Energy , Eric Francia, Pres., CEO, www.acenergy.com.ph; Ayala, www.ayala.com.ph/ac-energy
More Low-Carbon Energy News Ayala, AC Energy, Climate Change, Green Bond, Renewable Energy,
Additionally, the company
recently implemented strategies to increase energy efficiency in its larger wireless core data centers, including uninterruptible power supplies, high-efficiency motors, and whole-building control systems. The move is in keeping with the company's
recently announced goal sourcing 50 pct -- about 2,000 MW -- of its electric power consumption from renewable generation by 2025. (Source: Verizon, Fierce Telecom, 11 Feb., 2019) Contact: Verizon, Jim Gowen, Chief Sustainability Officer, www.verizon.com/about/our-company/verizon-corporate-headquarters
More Low-Carbon Energy News Green Bond, Energy Efficiency, Verizon, Green Building,
The projects will be supported as part of Citi's 2015, $100-billion (€87.6 billion) environmental finance goal which aims to lend and facilitate $100 billion over 10 years towards environmental activities leading to a low-carbon economy.
Citigroup owns or leases over 57 million square feet of real estate in over 7,900 properties including its new NYC global headquarters currently under construction to LEED Platinum energy efficiency certification standards. (Source: Citigroup, Renewables, 29 Jan., 2019) Contact: Citigroup Inc., www.citigroup.com
More Low-Carbon Energy News Citigroup, Energy Efficiency, Renewable Energy, Green Bond,
Tata Cleantech operates on the clean technology market by extending financing and providing advisory services for renewable energy, energy efficiency and water management projects and has participated in the funding of over 5.2 GW of renewables projects, according to the company website. (Source: Tata Cleantech Capital, Renewables, 7 Jan., 2019) Contact:
Tata CLeantech Capital, www.tatacleantechcapital.in
More Low-Carbon Energy News Tata Cleantech, Green Bond, Renewable Energy ,
By facilitating cross-sectoral collaboration, the project aims to scale up pre-commercial and/or proven low-carbon technologies that are being deployed too slowly across the transportation and other energy sectors.
The New Energy Solutions project aims to help commercial and industrial companies from all sectors make headway with proven technologies and low-carbon fuels, the uptake of green bonds for renewable fuels and projects, corporate renewable power purchase agreements, and low-carbon microgrids for commercial and industrial customers.
Together, project members are identifying and implementing technologies, fuels and solutions that help companies transition to low-carbon energy sources in line with the Paris Agreement.
(Source: World Business Council for Sustainable Development, Climate Home, 10 Dec., 2018) Contact: WBCSD, Maria Mendiluce, Managing Director, www.wbcsd.org
More Low-Carbon Energy News World Business Council for Sustainable Development,
Duke is retiring its coal-fired plants, increasing nuclear generation capacity, and has added close to 650 MW of built or purchased solar energy and plans to
add another 1,800 MW of new-build and purchased solar capacity over the next five years.
(Source: Duke Carolinas, Electric Light & Power, Charlotte Business Journal, 9 Nov., 2018) Contact: Duke Energy, David Fountain, North Carolina Pres., Chris Fallon, VP Renewables, Steve Young, Exec. VP CFO, www.duke-energy.com
More Low-Carbon Energy News Duke Energy Carolinas, Renewable Energy, Energy Storage,
The five-year green bond, which will be listed on both the London Stock Exchange and the Singapore Stock Exchange, will support the local-currency market in Indonesia, funding the first-ever green bond issued in Indonesia by an IFC client, Bank OCBC NISP. The proceeds will finance underlying infrastructure and climate-related projects.
According to the IFC's just released Green Bond Impact Report, IFC issued 32 green bonds totaling $1.8 billion in the fiscal year that ended June 30. (Source: Jakarta Post, IFC, 8 Oct., 2018) Contact: IFC, Nena Stoiljkovic, VP Asia and the Pacific, (202) 473-1000, www.ifc.org
More Low-Carbon Energy News International Finance Corporation, Climate Change, Green Bond,
Forty-six pct of the issue was distributed in Europe, Middle East and Africa and 28 pct in the Americas and 26 pct in Asia. Thirty-one pct of the issuance was purchased by banks, 25 pct by insurance companies and pension funds, 24 pct by central banks and official institutions, and 20 pct by fund managers.
ADB issued its first US dollar-denominated green bond in 2015.
ADB's financing of climate mitigation and adaptation reached a record $4.5 billion in 2017 and the institution is now in position to achieve its US$6 billion annual climate financing target by 2020.
Of the total $6 billion, $4 billion will be dedicated to mitigation through scaling up support for renewable energy, energy efficiency, sustainable transport and building smart cities, while $2 billion will be for adaptation through more resilient infrastructure, climate-smart agriculture and better preparation for climate-related disasters.
ADB plans to raise around $23 billion from the capital markets in 2018. (Source: ADB, The Asset ESGForum, 23 Sept., 2018) Contact: Asian Development Bank, +63 2 632 4444, www.adb.org
More Low-Carbon Energy News Climate Change Mitigation, Green Bonds, Asian Development Bank,
Funds from the placement will be applied to green projects addressing climate change mitigation and adaptation, water and natural resources depletion and the reduction of air pollution. (Source: Ireland National Treasury Management Agency, Renewables, Sept., 2018) Contact:
Ireland National Treasury Management Agency,
Frank O'connor, Director of Funding and Debt Management, +353 1 238 4000,
More Low-Carbon Energy News Green Bond,
Green Bond pledge adherents agree that climate change poses an existential threat and that the rapid growth of a green bonds market will not only meet the unique challenges the world faces, but will do so while making communities more economically competitive, prosperous, and productive.
Green bonds may be sold by governments, as well as by private entities, to finance projects that have positive environmental or climate attributes. The projects can range from clean transportation to renewable energy.
The green bond market started in 2007 with bonds issued by the World Bank and the European Investment Bank. By 2017, both California and New York had issued more than $4 billion in bonds to finance such things as clean water projects, green schools, mass transit, land preservation, and green housing. The state is now looking to build on that start and help grow a much more robust market for green bond financing.
Download a copy of the Green Bonds Pledge and other details HERE.
(Source: California Treasurers Office, Lake County News, Aug., 2018) Contact: California Treasurers Office, (916) 653-2995, www.treasurer.ca.gov
More Low-Carbon Energy News Green Bond, Climate Change,