Green bonds still strong despite US move

The withdrawal of the world's biggest economy from the Paris climate accord is a blow to those fighting climate change. But China's growing awareness of the problem means Asia's green bond market has plenty of room to grow.

Donald Trump's decision to withdraw the United States from the Paris climate agreement has been widely condemned by politicians and executives. But although the move is a step back for environmentalists, there is still enough support from investors and other governments to ensure the continued global development of a thriving green bond market.   

With other leading countries like China and Germany reiterating their commitment to the Paris accord, US states like California and New York leading the domestic opposition, and bulge-bracket funds like Fidelity and BlackRock looking to put more money to work to help address climate issues, the future for green bonds still looks bright....

¬ Haymarket Media Limited. All rights reserved.

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