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New Climate Bonds Standard includes Sukuk

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today 09 April 2017 GMT

Sukuk Added into Climate Bonds Standards


Climate Bond Standards are developing in order to adapt to the demands of the fast growing green bond market, a new version of the Climate Bonds Standard has been published.


There has been a growing interest in the past few years towards socially responsible investment (SRI) sukuk or green sukuk. A number of sukuk in this class has been issued in the global market to finance environmental-friendly projects.

The additions now include Sukuk amongst a range of debt instruments that can now be certified under the Standard.


Green Bond Market Growth

Green Bond Market Growth


Growth of Green Bond Market


2016 issuance was almost double that of 2015 2016 was a record-breaking year by all metrics – the largest year of issuance to date, the largest single month, the largest number of new issuers.


The above figures do not include bonds that do not meet international definitions of green (e.g. reduced-emissions coal, large hydro and grid connection projects not linked to renewable energy or also referred to as “excluded bonds”2). Including these bonds brings total 2016 issuance to USD92bn.


Download Report from Climates Bonds


pdf  2016 Green Bonds Market Roundup


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