【英文】巴黎银行报告：欧洲主权绿色债券：债务减免 Sovereign green bonds Debt relief（17P）

Since 19 December 2016, only 13 countries have issued sovereign green bonds, with France representing almost half the total capital volume (see Figure 8). All of them are based on the Green Bond Principles, except that of the Seychelles, which was not aligned to any published standard. Three of the five recent host countries of UN climate conferences have issued sovereign green bonds: Poland, France and Chile, with all oversubscribed by about four times. We think the reputational boost to countries that have issued green debt and the low-interest-rate environment throughout Europe might encourage issues over the next 18 months from Germany (the 2017 host), the UK and Italy (both potential COP26 hosts), and Spain, which has announced that it will stop nuclear and coal power generation.

Buildings: Improve buildings’ energy efficiency .Transport: Maintain, increase and promote public  transportation and support multimodal transport  solutions; reduce use; improve energy efficiency;  decrease carbon intensity of vehicles .Energy: Develop renewable energy technologies  and invest in assets (wind, solar, hydro, geothermal,  marine), including their efficient integration in power  systems (smart grids) .Living resources: Promote organic farming;  enhance biodiversity and land environmental  protection.Adaptation: Develop observation systems for  climate change extreme weather events; support  adaptation-related research; develop adaptation  related infrastructure .Pollution and eco-efficiency: Develop pollutionmonitoring and control systems; promote  sustainable consumption and production modes  (eg, waste reduction, recycling, circular economy).