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    Green Bond Experience in the Nordic Countries

    Darius Nassiry | March 2018
    Abstract
    The global green bond market has grown rapidly in recent years, increasing from $3 billion in 2012 to over $100 billion in 2017.1 Given the broad acceptance and strong demand from investors, green bonds have emerged as an important financing solution, raising finance for climate change mitigation and adaptation investments, particularly in developing countries, where the need for such investments is significant. The Nordic region has pioneered the issuance of green bonds. The World Bank and Skandinaviska Enskilda Banken (SEB) developed the green bond concept in 2008 in response to investors’ demand for climate-related investments.2 Since then, Nordic issuers have played a leading role in green bond issuance, particularly for local green finance. This paper summarizes the Nordic experience with green bonds with a focus on local financing structures and highlights key points that may be of value for developing countries, particularly those in Asia and the Pacific, in exploring green bonds as a means to raise finance for climate change mitigation and adaptation investments.
    Citation
    Darius Nassiry. 2018. Green Bond Experience in the Nordic Countries. © Asian Development Bank Institute. http://hdl.handle.net/11540/8095.
    Keywords
    Climate
    Climate change
    Climate impacts assessment
    Global climate change
    Asian Development Bank
    Development
    Regional Economic Integration
    Financial Sector Policies
    Financial Risk Management
    Bond Financing
    Climatic change
    Climatic influence
    Climatology
    Investment bank
    Investment policy
    Capital Market
    Regional Plans
    Regional Development Bank
    Development finance
    Municipal Bonds
    City planning
    Urban climatology
    Bank investment
    Capital investment
    Investment banking
    Venture capital
    Local government bonds
    Bonds
    Catastrophe bonds
    Bond funds
    Bond market
    Multilateral development banks
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    Citable URI
    http://hdl.handle.net/11540/8095
    Metadata
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    adbi-wp816.pdf (236.5Kb)
    Author
    Darius Nassiry
    Theme
    Climate
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise