Mobilising Bond Markets for a Low-Carbon Transition
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Mobilising Bond Markets for a Low-Carbon Transition

This report describes the development of the green bond market as an innovative instrument for green finance, and provides a review of policy actions and options to promote further market development and growth. Since 2007-08, so-called “green bonds” have emerged and the market has risen from USD 3 billion in 2011 to USD 95 billion in issuance in 2016. For policy makers, the report proposes a framework for understanding potential directions of bond market evolution, increased convergence of rules and definitions, and quantitative analysis of the potential contribution that bond markets can make to a low-carbon transition.

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Author(s):
OECD

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In the Paris Agreement, Parties agreed to hold the increase in the global average temperature to well below 2°C and pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels, and to make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. Recent estimates suggest that approximately USD 93 trillion in infrastructure investment will be needed in the next 15 years in a “low-carbon” scenario.

 
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