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[Episode #35] – Green Bonds

What are green bonds, and how can they help mobilize private capital to fund energy transition and climate change mitigation measures? What kinds of things can green bonds be used to fund? What are the various roles for private, corporate, and sovereign issuers? Why does the green bond market need to grow by roughly 10x over the next few years to $1 trillion a year globally, and is there even enough capital out there willing to accept single-digit returns to buy that amount of green bonds? Are green bonds an answer to the stranded assets problem in the fossil fuel sector? And what can the appetite for green bonds tell us about monetary policy and appropriate discount rates for climate change mitigation measures? We get deep into all of these questions with the CEO of the Climate Bonds Initiative, an international NGO working to mobilize debt capital markets for climate solutions.

Geek rating: 5

Guest: Sean Kidney is CEO of the Climate Bonds Initiative, an international NGO working to mobilize debt capital markets for climate solutions.  Projects include a green bond definitions and certification scheme with $34 trillion of assets represented on its Board; working with the Chinese central bank on how to grow green bonds in China; market development programs in Brazil, Mexico, Colombia and East Africa; and a green finance aggregation platform with UNDP. He is co-Chair of the India Green Bonds Council.

On Twitter: @seankidney

On the Web:  https://www.climatebonds.net/

Recording date: January 6, 2017

Air date: January 25, 2017