【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）

英文研究报告 2019年08月30日 08:45 管理员

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).