International Finance Corporation IFC has been one of the world’s leading promoters of green bonds as a new asset class that can help finance the world’s attempts to transition to a low carbon environment.
Since it launched its first $200 million issue in 2010, the triple-A rated credit has gone to raise a total of $3.8 billion in the format.
Globally, green bonds really began to take off as an asset class in 2014 when a total of $40 billion was issued. Market participants are hopeful there will be $1 trillion in outstandings by 2020.
Asia and particularly China, the world’s biggest greenhouse gas...