Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond
A sovereign green bond presents countries with an opportunity to demonstrate national leadership in the green financing agenda while giving exposure to a new investor base and solidifying a country’s commitment to complying with the Paris Climate C...
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| Format: | Working Paper |
| Language: | English |
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Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/813671525333162636/Guidance-for-sovereign-green-bond-issuers-with-lessons-from-Fijis-first-emerging-economysovereign-green-bond http://hdl.handle.net/10986/29783 |
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okr-10986-297832021-05-25T09:14:19Z Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond International Finance Corporation CLIMATE RESILIENCE CLIMATE CHANGE CLIMATE IMPACT SOVEREIGN DEBT MANAGEMENT BOND MARKET GREEN BONDS GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION CLIMATE CHANGE ADAPTATION ENVIRONMENTAL SUSTAINABILITY DEBT MONITORING A sovereign green bond presents countries with an opportunity to demonstrate national leadership in the green financing agenda while giving exposure to a new investor base and solidifying a country’s commitment to complying with the Paris Climate Change Agreement. While green bonds allow sovereign issuers to appeal to a new class of investors, domestically or internationally, in addition to the usual costs associated with the preparation of a vanilla government bond, green bonds require upfront and ongoing resources that are not recoverable through bond proceeds. Many potential investors need to be educated on the benefits of a green bond, for themselves and the country. Studies have shown an increasing number of millennials are attracted to investments that will have a positive environmental impact, making it a wise choice for retail issuances and institutions whose customer base will increasingly include millennials. Clearly identifying the reasons for issuing will drive many decisions in the issuance process. If a country’s motivation to issue a green bond is prompted by a desire for cheaper financing compared to a vanilla issuance, then caution should be exercised. While it has been suggested they may have the potential to attract a pricing premiu 2018-05-03T20:46:28Z 2018-05-03T20:46:28Z 2018 Working Paper http://documents.worldbank.org/curated/en/813671525333162636/Guidance-for-sovereign-green-bond-issuers-with-lessons-from-Fijis-first-emerging-economysovereign-green-bond http://hdl.handle.net/10986/29783 English CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific Fiji |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CLIMATE RESILIENCE CLIMATE CHANGE CLIMATE IMPACT SOVEREIGN DEBT MANAGEMENT BOND MARKET GREEN BONDS GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION CLIMATE CHANGE ADAPTATION ENVIRONMENTAL SUSTAINABILITY DEBT MONITORING |
| spellingShingle |
CLIMATE RESILIENCE CLIMATE CHANGE CLIMATE IMPACT SOVEREIGN DEBT MANAGEMENT BOND MARKET GREEN BONDS GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION CLIMATE CHANGE ADAPTATION ENVIRONMENTAL SUSTAINABILITY DEBT MONITORING International Finance Corporation Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond |
| geographic_facet |
East Asia and Pacific Fiji |
| description |
A sovereign green bond presents
countries with an opportunity to demonstrate national
leadership in the green financing agenda while giving
exposure to a new investor base and solidifying a country’s
commitment to complying with the Paris Climate Change
Agreement. While green bonds allow sovereign issuers to
appeal to a new class of investors, domestically or
internationally, in addition to the usual costs associated
with the preparation of a vanilla government bond, green
bonds require upfront and ongoing resources that are not
recoverable through bond proceeds. Many potential investors
need to be educated on the benefits of a green bond, for
themselves and the country. Studies have shown an increasing
number of millennials are attracted to investments that will
have a positive environmental impact, making it a wise
choice for retail issuances and institutions whose customer
base will increasingly include millennials. Clearly
identifying the reasons for issuing will drive many
decisions in the issuance process. If a country’s motivation
to issue a green bond is prompted by a desire for cheaper
financing compared to a vanilla issuance, then caution
should be exercised. While it has been suggested they may
have the potential to attract a pricing premiu |
| format |
Working Paper |
| author |
International Finance Corporation |
| author_facet |
International Finance Corporation |
| author_sort |
International Finance Corporation |
| title |
Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond |
| title_short |
Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond |
| title_full |
Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond |
| title_fullStr |
Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond |
| title_full_unstemmed |
Guidance for Sovereign Green Bond Issuers : With Lessons from Fiji's First Emerging Economy Sovereign Green Bond |
| title_sort |
guidance for sovereign green bond issuers : with lessons from fiji's first emerging economy sovereign green bond |
| publisher |
Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/813671525333162636/Guidance-for-sovereign-green-bond-issuers-with-lessons-from-Fijis-first-emerging-economysovereign-green-bond http://hdl.handle.net/10986/29783 |
| _version_ |
1764470234113114112 |