Chinese leadership in the green bond market helped make 2016 a bumper year for climate-smart investment

With the launch of the sustainable development goals (SDGs) and the adoption of the Paris Agreement on climate change, which commits signatories to making financial flows “consistent with a pathway towards low greenhouse gas emissions and climate-resilient development,” 2015 paved the way for green finance this year. 

In 2016, policymakers and financial practitioners have been busy launching initiatives and working out how to mobilise the capital required to implement the new agreements.

“For us, 2016 was the year of green finance,” says Nick Robins, co-director of the UNEP inquiry into the design of a sustainable financial system, tells Ethical Corporation. The inquiry is a two-year initiative to advance financial policy options that effectively mobilise capital for an inclusive, green economy. “The year was marked by three major developments. First, the reallocation of capital accelerated, notably through the green bond market. Second, policy makers recognised the need to set the right frameworks, highlighted by the G20’s Green Finance Study Group. And third, key financial centres such as London and Paris recognised the strategic importance of the issue.”

According to the Climate Bonds Initiative, the green bond market grew substantially this year, with green bond issuance for 2016 set...

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green finance  climate change  China  economy  SDGs 

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