In practice less than 2 billion of the 15 billion in

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In practice less than 2 billion of the 15 billion in ABS included as climate-aligned bonds have been self- labelled as green 16 and few project or covered bonds have been labelled as such. The geography of the green bond market is expanding and diversifying (Box 8). Green bonds have been issued in 23 jurisdictions, including 20 for domestic and foreign investors, and three for foreign investors only. Green bonds have been issued in 23 currencies and in 14 markets of the G20. Green bonds have been issued in 23 jurisdictions, including 14 markets of the G20, and in 23 currencies. BOX 8: THE GEOGRAPHY OF THE GREEN BOND MARKET GBD GBD G20 G20 G20 G20 G20 G20 G20 GBD GBD GBD GBD GBD GBD GBF GBD GBD GBD GBD GBD GBD GBD GBD GBD GBD G20 G20 G20 G20 G20 G20 G20 GBF GBF Green bonds issued for domestic and foreign investors: Australia; Austria; Canada; China; EU; France; Germany; Hong Kong, China; India; Italy; Japan; Mexico; Netherlands; Norway; Peru; South Africa; Spain; Sweden; the UK and the USA. For foreign investors only: Brazil, Switzerland, and Chinese Taipei. G20 markets: Australia, Brazil, Canada, China, EU, France, Germany, India, Italy, Japan, Mexico, South Africa, UK, USA. GBD GBF G20 Sweden – Krona Russia – Dollar Turkey – Lira South Africa – Rand USA – Dollar Switzerland – Franc UK – Pound Malaysia – Ringgit Indonesia – Rupiah New Zealand – Dollar Japan – Yen Poland – Zloty Peru – Nuevo Sol Mexico – Peso Norway – Krone Canada – Dollar Australia – Dollar Colombia – Peso Brazil – Real India – Rupee Hungary – Forint China – Yuan Eurozone – Euro Currencies: AUD, BRL, CAD, CHF, COP, EUR, GBP, HUF, IDR, INR, JPY, MXN, MYR, NOK, NZD, PEN, PLN, RMB, RUB, SEK, TRY, USD, ZAR 14 . GREEN BONDS: MOBILISING THE DEBT CAPITAL MARKETS FOR A LOW-CARBON TRANSITION
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A quantitative framework for analysing potential bond contributions in a low-carbon transition The preliminary results presented here are previews from a forthcoming OECD report to be released in Q1 2016. 5 Ongoing OECD work 18 considers scenarios for the future growth of the global green bond market in a 2 o C energy investment scenario, assuming that governments adopt policies supportive to market growth (OECD, 2016 forthcoming). The analysis will propose a framework for understanding scenarios and possible directions of green bond market evolution and will equip policy makers with the tools to analyse the potential contribution that the bond markets can make to a low-carbon transition. Starting with energy investment requirements at the national level estimated by the IEA for its 2 o C scenarios (2DS), the analysis converts investments into their constituent equity and debt components. Focusing on debt, the analysis considers the role that the bond markets will need to play to finance this investment and connect bond supply with demand from institutional investors.
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