Skip to main content


Only 0.001% of global institutional investments go into fighting climate change - from a pool that's worth $70 trillion.

 Are "green bonds" the answer? #amnc14#climatecontext

Three ways to make green bond financing better

By Renat Heuberger

Sep 11 2014

We are well on track to see the climate heat up by 6°C. This would be disastrous for humans, the environment and the global economy. To avoid this scenario, significant investments in low-carbon technologies and projects are needed. But where should the cash come from?

Many governments, particularly in the West, are already struggling against a huge debt burden. Meanwhile, institutional investors globally are putting up a meagre 0.001% of their $70 trillion investment pool towards climate finance.

Solar panels of local mining company CAP are seen in the Atacama Desert

Will “green” bonds be the saving grace?

A green bond, like a regular bond, accesses financial markets to raise capital. However, the proceeds of a green bond are dedicated to specifically finance “green” initiatives, such as renewable energy or energy efficiency. The World Bank issued the first green bond in 2008, raising funds from fixed-income investors to support World Bank lending for eligible projects that seek to mitigate climate change or help affected people adapt to it.

Since then, the green bond market has experienced significant growth, particularly over the past two years. According to figures from the Climate Bonds Initiative and HSBC, in the first half of 2014 alone, over $35 billion green bonds were issued, representing year-on-year growth of over 60%. The investment potential for green bonds in the climate space is estimated to be worth over $500 billion.

In addition to multilateral institutions, private issuers such as Unliever, Toyota and GDF Suez have entered the scene. Remarkably, although the bulk of green bonds are issued in Europe, Asian investors have been taking a stronger interest of late. For example, Taiwanese corporations ASE and Neo Solar both issued green Bbnds in July 2014.

The big challenge that comes with this impressive growth story is the question of quality and transparency. Key issues to safeguard the credibility of green bonds include:

Impact: How can the issuer demonstrate and, if possible, quantify the positive impact of the green bond, and how can an investor measure impact consistently across portfolios?

How can the issuer ensure that the proceeds are indeed used for the declared “green” purpose and that the new green bond is not just a rebranded normal bond that would have been issued anyway?

Is there any third party monitoring and verifying that the purpose of the green bond has been met?

As long as the green bonds concept was in a pilot phase, getting the industry excited without asking too many questions was good enough. 

However, at the current growth speed, green bonds must prove that they do indeed contribute to solving pressing environmental issues.

The industry thus needs to move very fast and agree on simple, but robust standards to address the issues mentioned above.

 Initiatives like the Green Bonds Principles, the Climate Bonds Standard or the CICERO Second Opinions on Green Bond Investment Frameworks are great contributions to achieve this goal. And, the UN climate convention’s approach of setting standardized baselines could provide meaningful input.

Green bonds have the potential to emerge as the number one instrument to finance environmental technology and projects. Or, to enter the history books as a failed exercise to paint business as usual financial streams in a bright green colour.

Author: Renat Heuberger is the Chief Executive Officer of South Pole Group and is a Schwab Foundation Social Entrepreneur.

Image: Solar panels of local mining company CAP are seen in the Atacama Desert June 5, 2014. REUTERS/Fabian Andres

Popular posts from this blog


While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???

In alphabetical order by Country....



Alphonso (mango)
From Wikipedia, the free encyclopedia

Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 

It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 

The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 

After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.

An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 

The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate

 May 19, 2011, 14:04 IST

Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.

This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.

Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.

Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…