This month’s poll finds that green
bonds’ opaque definitions are preventing the asset
class truly taking off
Green bonds have been the darling of the financial markets for
some time. Viewed as a rare example of an investible product
with noble aims, the asset class has been lauded since it
emerged from the depths of the World Bank's offices in 2008.
The tool, which is favoured by multilaterals and development
banks, has grown rapidly since its introduction, with issuance
in 2014 up to $33 billion. But while a wide range of
corporates, utilities and banks now consider it as a source of
funding, there is considerable room to grow. With a captive
insurance investor base and potential for linkage with Europe's
burgeoning private placement market, volumes should, and could,
|What does the green bond market
need to take off?
With this in mind, IFLR decided to poll...