Creating the green bond principles

GREEN BONDS

Hervé Guez, director of responsible investment research at Mirova, and Philippe Zaouati, CEO of Mirova, discuss the need for structure in the green bond market.

Among the top ten global risks pinpointed by the 2014 World Economic Forum, water crises, the failure of climate change mitigation and adaptation, increased incidence of extreme weather events and food crises are all there. So, it seems hardly necessary to point out the environment has become a central economic concern. Numerous reports, including the Stern Review and reports by the International Energy Agency (IEA) and Organisation for Economic Co-operation and Development (OECD), have highlighted the need for increased or better targeted, more effective investments as the only way to r...