Investible green bond indices ‘not quite there yet’ – Climate Bond Initiative

first_imgInvestible climate bond indices will not come about for several more years, despite the universe now exceeding $0.5trn (€369bn), according to a report by the Climate Bond Initiative.The report, ‘Bonds and climate change: The state of the market in 2014’, found that the majority of existing issuances stemmed from the transport sector, accounting for close to $359bn globally.Climate and green bonds linked to energy issuances accounted for a further $74bn, while financing deals exceeded $50bn.The report also found that issuances would double over the course of 2014, exceeding $20bn compared with $11bn in paper in 2013. Sean Kidney, one of the report’s authors and chief executive of the Initiative, said the paper showed how investors could invest in climate bonds without risk.“The investment opportunities we find are safe and secure investment-grade bonds,” he said. “This is a Dull Green Market – just how pension funds and insurance funds like it.”Bridget Boulle, report co-author, highlighted there would be significant growth in the market in the coming years as municipalities, cities and corporates become more interested in the market.However, she told IPE there were still issues surrounding the discoverability of the climate and green bond market for institutional investors.“There is still certainly work to do on discoverability and identification of product, and then packaging it in a way that is exciting for investors – especially institutions,” she said.“Indexes will be a part of that, although, at the moment, they are mostly used for discovering rather than as a benchmark for investing in the index.”Boulle added that investable indices were “not quite there yet”.“I’m not sure there is enough large and liquid products around to be a really viable investment, but when we are there it will be even easer for institutions,” she said. “That’s the next step in a few years’ time.”According to the report, China remains the largest market for carbon bonds, with $140bn of its $164bn in issuances coming from the state-backed railway company.The UK is distant second, with a market of $58bn, $7bn larger than the US market, and France close behind the US with $49bn.Standards for property-backed climate bonds were recently put out to consultation.The standards suggested that any unit used for a climate bond should be in the top 15% of its regional market in cutting carbon emissions.There has been some activity in the green bond market in recent weeks, with the German development bank (KfW) announcing its first dedicated issuance to fund renewable energy projects.While initially targeting a €1bn raise, KfW confirmed earlier this week that it had enjoyed a “huge success” and issued €1.5bn in paper with a five-year maturity, paying an annual coupon of 0.375%.Insurer Zurich has confirmed its interest in the nascent market, doubling its commitment to $2bn, of which it has invested $400m so far.,WebsitesWe are not responsible for the content of external sitesLink to ‘Bonds and climate change’ reportlast_img read more

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This waterfront suburb is chalking up the big deals with another home selling for more than $3 million

first_imgThe impressive entrance to 27 Piermont Place, Raby Bay.The home featured heavily in the realestate.com.au’s most viewed property listings in Queensland and was viewed on social media thousands of times.It has an impressive front entrance, which leads through to open plan living areas which flow through to a large alfresco dining area.There is also an outdoor kitchenette with bar fridges and ample bench space.The property also has an infinity pool on the canal side of the property. And beautiful landscaped gardens. 27 Piermont Place, Raby Bay has sold for $3.5 million.RABY Bay is continuing to chalk up the big deals with another multi-million sale done.A five-bedroom house at 27 Piermont Place, Raby Bay has sold in a deal worth $3.5 million. It follows a sale last month at 6 Sentinel Court, for $3.55 million. And the bedroom.“I sell a lot of luxury homes all over Brisbane this home stands out, it is just perfectly designed and perfectly built, it is just exceptional.’’Mr Juresic said Raby Bay was emerging as a luxury property precinct. More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThe kitchen has views out across the canal.It was marketed through Emil Juresic and Ben Stanton of NGU Real Estate in conjunction with Josh Sherwood.center_img There’s a home cinema. Even the pool has water views.Mr Juresic said the home was built only two years ago, but the owners had decided to move.The buyers came from Perth and Mr Juresic said they intended to make it their home as they had relatives in the area. “I think a lot of people are discovering what a beautiful hidden place in Brisbane, Raby Bay is,’’ he said.“It is just phenomenal, you can buy properties for good value, 30 to 35 minutes away from Brisbane.’’last_img read more

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Ghana, South Africa sign pact on cooperation for welfare of rugby players

first_imgGhana Rugby and the South Africa Rugby Union (SARU) signed a historical agreement whereby SARU approved the use of material from its BokSmart player safety and welfare programme by Ghana Rugby as part of its own version of the programme, EagleWise.According to the President of Ghana Rugby, Mr Herbert Mensah, the agreement is historical in the sense that Ghana will only be the second rugby union on the African continent that has separated player safety and welfare into a separately branded unit. Tags: Ghana Rugby “The issue of player safety and welfare has in recent years become a major strategic focus of World Rugby and in fact of the rugby community globally. Rugby is a contact sport and loved because of that, but with that, there will always be the risk of possible injuries. It only makes good sense to ensure that everything possible is done to minimise those risks. The agreement with SARU is a huge leap forward for Ghana Rugby to do exactly that,” Mensah said.Jurie Roux, CEO of SA Rugby congratulated Ghana Rugby on its decision to partner with the BokSmart programme in the interest of player safety.The senior manager for rugby safety at SARU, Dr Wayne Viljoen, explained: “Rugby is about men, women, boys and girls who passionately embrace the joy of playing Rugby. It is the duty of those administering the game of Rugby to do all they can to ensure that these players can keep on enjoying their passion and participating in the game in the safest possible way. BokSmart, and therefore Ghana rugby’s EagleWise Programme, are important mechanisms to achieve that objective,” Viljoen said.The license agreement gives Ghana Rugby the right to access, adapt, co-brand and distribute material developed by BokSmart subject to specified terms and conditions.The BokSmart National Rugby Safety Programme – a joint rugby safety initiative between SA Rugby and the Chris Burger/Petro Jackson Players’ Fund – kicked off officially in South Africa in 2009.The philosophy of the BokSmart Programme is summed up by the following statement, “Rugby safety is no accident. It is a decision. A commitment. Together, we can build a game of Rugby that delivers zero catastrophic injuries. In fact, we not only ‘can’ do it. We MUST do it.”According to a Board Member of Ghana Rugby, Rian Malan, who has been charged to spearhead the initial development and implementation of the Ghana Rugby EagleWise player safety and welfare programme, the enormous task at hand has been made easier with the signing of the agreement between SARU and Ghana Rugby.“BokSmart has developed into one of the most comprehensive player safety and welfare programmes internationally since its launch in 2009. A developing rugby union like Ghana Rugby just does not have the resources to start such an initiative from scratch. The access we now have to BokSmart material will go a long way in helping us to fulfil our duty,” Malan said.About Ghana RugbyGhana Rugby is the official full member of both World Rugby (2017) and Rugby Africa in Ghana-West Africa and is responsible for the management and development of the Game Rugby Union in the country. The Union is governed by a Constitution and administers five KPAs (Key Performance Areas) namely: (1) Youth Development & Growth through the World Rugby “Get Into Rugby” Programme, (2) Women in Ghana Rugby, (3) Training & Education, (4) Domestic Competitions and (5) International Performancelast_img read more

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