first_imgThe remaining 10% is split between construction and energy-efficiency projects, waste, pollution and water-themed investments or agricultural and forestry-related developments.Germany’s Kreditanstalt für Wiederaufbau was one of the largest issuers of labelled green bonds over the period surveyed, selling $4bn within its first year active in the green bond market.The UK’s Transport for London, with all of its issuances falling within the climate bond sector, also issued £400m (€564m) worth of green bonds in 2015.The number of green bonds trebled compared with 2013, from $11bn to $36.6bn.The Climate Bonds Initiative said it was expecting total issuance to hit $70bn by the end of 2015.The state of the market report, commissioned by the HSBC Climate Change Centre of Excellence, also found evidence of greater diversification in the types of bonds being offered.It noted that the US state of Hawaii issued an asset-backed green bond, while BerlinHyp established the market for green covered bonds with a €500m issuance in May 2015.The report laid out 10 steps to grow the market, throwing its weight behind the pooling of smaller-scale carbon-reducing projects, such as rooftop solar panels.The securitisation market, it said, could boost activity in this area.“This includes encouraging deal flow of green loans suitable for subsequent securitisation, supporting financial warehousing of loans and providing credit enhancement for securitisation issuance,” it said. “These supports can be made conditional on loans using standardised contracts. This would speed up the standardisation process for low-carbon assets such as energy-efficiency loans.”Last year, the Climate Bonds Initiative conceded the climate bonds market was not quite developed enough to warrant the launch of dedicated indices. The climate bond market has grown by 20% over the last year, with a large part of the growth stemming from an increase in labelled green-bond issuances.The Climate Bonds Initiative estimated that the market for climate-related bonds stands at nearly $600bn (€545bn), consisting of $531.8bn in unlabelled climate-aligned bonds and $65.9bn in labelled green bonds.Sean Kidney, the organisation’s chief executive, said the development showed institutions could now invest in a “large and liquid” universe of fixed income holdings.With more than 90% of bonds investment grade, the large majority of issuances – $418bn – relates to low-carbon transport projects, followed by clean energy projects, which account for 20% of the universe.last_img read more

first_img Paris: Paris Saint-Germain star Kylian Mbappe fuelled speculation surrounding his future on Sunday, saying that he wants “responsibilities, maybe at PSG, maybe elsewhere”. The 20-year-old backed up his excellent 2018 World Cup, where he scored four times as France won the trophy, by netting 38 times for PSG this season.He was named as the Ligue 1 player of the season on Sunday, but did not deny that a potential move away from France could be in the offing.”It (the award) is an important moment for me, a turning point in my career… The moment of having more responsibilities, maybe at PSG, maybe elsewhere,” he told BeIN Sports.Mbappe did not back down on his comments when asked about them in the mixed zone a few minutes later.”For me, it was the moment to say it… When I say something, I think about it,” he said, reiterating his desire to have more “responsibilities”.”If it’s at PSG, it’s good, if it’s elsewhere, it will be elsewhere for a new challenge.” Mbappe has been regularly linked with a potential move to Real Madrid since breaking through with Monaco’s 2017 Ligue 1 title-winning team, but instead made the switch to PSG, initially on loan, and then for 180 million euros.But since Zinedine Zidane’s return to the Real dug-out earlier this year, rumours about Mbappe joining his fellow Frenchman at the Santiago Bernabeu have intensified. highlights Kylian Mbappe looking for more responsibility at PSG or elsewhere.Mbappe was a part of the World Cup winning squad held in Russia. Mbappe hints to take transfer to another football club.  For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. This term, Mbappe has stepped up another gear with teammate Neymar — the only player to be sold for more money than him in history — out injured for much of the campaign. Mbappe has followed in Neymar’s footsteps by winning the player of the season accolade in France, although he needs to score five in the last league game of the season against Reims next weekend to snatch the European Golden Shoe from Lionel Messi.”I tell myself that even if I lose, I lose to Messi, one of the greatest players in history,” he told AFP.”To think that maybe I kept up with him until the last game, that’s a source of pride too, but it’s not over.”Mbappe became only the second teenager in history last year, after Brazil legend Pele, to score in a World Cup final during France’s 4-2 triumph over Croatia. His global stardom — surely eye-catching for the likes of Real — was shown when he became only the fourth footballer to feature on the cover of Time magazine in October, after Messi, Neymar and Mario Balotelli.An Mbappe exit would be a blow for PSG, although increased transfer funds may not be all bad for the French champions as they look to strengthen their squad ahead of their next bid for a first Champions League title.last_img read more