Green bonds: here to save the earth

After a slow start, the ten-year-old green bond market is proving to be a vital source of capital for environmentally sustainable projects, writes Alan Duffy

The green bond market turns ten years old this year and is rapidly heading towards adulthood. As it comes of age, this market will be an increasingly critical source of capital for projects that will help the global economy limit the impact of climate change.

It’s not been an entirely easy childhood so far. The first-ever green bond, a €600 million issue in July 2007, was followed by, well, not very much in ...