How to build a local green bond market

Author: Lizzie Meager | Published: 9 Mar 2017

Top-down support is central to building a local green bond market, according to speakers at an industry event in London this week.

Panellists at Climate Bonds Initiative’s annual conference said that while global growth has traditionally been found in Europe and the US, the emergence of China and India in 2015 has shaken up the market.

"China is at a crucial stage in the growth of its green bond market. Policy support has seen it grow from almost zero to $35 billion in just two years," said Wei Liu, deputy director of bond markets at the Shanghai Stock Exchange.

China has proven a diverse range of products is one way to grow the local market China’s top-down approach has been central to its success in taking 41% of global market share. In 2015 its president Xi Jinping declared that green finance is a fundamental strategy for the country’s five...



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