Bonds and Climate Change: State of the Market in Canada 2017
Launch by Smart Prosperity Institute and Climate Bonds
OTTAWA and LONDON, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Smart Prosperity Institute and the Climate Bonds Initiative have released the 2017 Bonds and Climate Change: State of the Market Canada report, the sixth annual stocktake of green bonds and green finance in Canada.
State of the Market Canada edition results from a longstanding joint partnership between the two organisations and is a special supplement to the flagship Bonds and Climate Change: The State of the Market global report produced by Climate Bonds.
The Canada edition marks specific highlights from the current year, emerging trends, and identifies specific opportunities for green bond market development. This year, we report on domestic market activity up to November 10th, 2017.
Key highlights from the report:
Mike Wilson, Executive Director, Smart Prosperity Institute:
"As Canada continues to ramp up its climate policy ambition, green bonds have the potential to harness much-needed private capital flows to finance the transition to a cleaner, low-carbon economy.”
“In 2017, we've seen the Canadian green bond market gaining momentum, with issuance exceeding that of all previous years’ combined and new players coming into the market, including the first municipal issuance by the city of Ottawa. With increased leadership by the federal government, 2018 could be an even bigger year for the Canadian green bond market."
Sean Kidney, CEO, Climate Bonds:
“Canada has all the structural financial components and policy attributes to move decisively on green finance, to build a robust domestic green bond market supporting its climate goals and to add further strength to global emission reduction efforts. Provinces, corporates and institutional investors all have a significant role to play.”
“The global size and expertise of Canada’s major pension funds and asset managers sees them well positioned to manage larger capital allocations towards low carbon and green infrastructure investment opportunities in both developed and emerging economies.”
|Climate Bonds Contact:|
Head of Communications and Media
Climate Bonds Initiative (London)
+44 (0) 7914 159 838
|Smart Prosperity Institute Contact: |
Communications & Outreach Officer
Smart Prosperity Institute (Ottawa)
Notes for Journalists
About Smart Prosperity Institute: Smart Prosperity Institute (formerly Sustainable Prosperity) is a national research network and policy think tank based at the University of Ottawa. We deliver world-class research and work with public and private partners – all to advance practical policies and market solutions for a stronger, cleaner economy.
About the Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. More information on our website here.
About the State of the Market in 2017 Report:
The State of the Market Canada 2017 Report is jointly produced by Climate Bonds Initiative and Smart Prosperity Institute. French translation has been sponsored by AlphaFixe Capital. The 2016 report can be found here.
Disclaimer: The information contained in this communication does not constitute investment advice in any form and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation or debt instrument or investment product is for information purposes only. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.
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Certification under the Climate Bond Standard only reflects the climate attributes of the use of proceeds of a designated debt instrument. It does not reflect the credit worthiness of the designated debt instrument, nor its compliance with national or international laws.
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