Guidance for Sovereign Green Bond Issuers: With Lessons from Fiji's First Emerging Economy Sovereign Green Bond

doi:10.1596/29783

Publication:
Guidance for Sovereign Green Bond Issuers: With Lessons from Fiji's First Emerging Economy Sovereign Green Bond

dc.contributor.author	International Finance Corporation
dc.date.accessioned	2018-05-03T20:46:28Z
dc.date.available	2018-05-03T20:46:28Z
dc.date.issued	2018
dc.description.abstract	A sovereign green bond presents countries with an opportunity to demonstrate national leadership in the green financing agenda while giving exposure to a new investor base and solidifying a country’s commitment to complying with the Paris Climate Change Agreement. While green bonds allow sovereign issuers to appeal to a new class of investors, domestically or internationally, in addition to the usual costs associated with the preparation of a vanilla government bond, green bonds require upfront and ongoing resources that are not recoverable through bond proceeds. Many potential investors need to be educated on the benefits of a green bond, for themselves and the country. Studies have shown an increasing number of millennials are attracted to investments that will have a positive environmental impact, making it a wise choice for retail issuances and institutions whose customer base will increasingly include millennials. Clearly identifying the reasons for issuing will drive many decisions in the issuance process. If a country’s motivation to issue a green bond is prompted by a desire for cheaper financing compared to a vanilla issuance, then caution should be exercised. While it has been suggested they may have the potential to attract a pricing premiu	en
dc.identifier	http://documents.worldbank.org/curated/en/813671525333162636/Guidance-for-sovereign-green-bond-issuers-with-lessons-from-Fijis-first-emerging-economysovereign-green-bond
dc.identifier.doi	10.1596/29783
dc.identifier.uri	https://hdl.handle.net/10986/29783
dc.language	English
dc.publisher	Washington, DC
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	International Finance Corporation
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	CLIMATE RESILIENCE
dc.subject	CLIMATE CHANGE
dc.subject	CLIMATE IMPACT
dc.subject	SOVEREIGN DEBT MANAGEMENT
dc.subject	BOND MARKET
dc.subject	GREEN BONDS
dc.subject	GREENHOUSE GAS EMISSIONS
dc.subject	CLIMATE CHANGE MITIGATION
dc.subject	CLIMATE CHANGE ADAPTATION
dc.subject	ENVIRONMENTAL SUSTAINABILITY
dc.subject	DEBT
dc.subject	MONITORING
dc.title	Guidance for Sovereign Green Bond Issuers	en
dc.title.subtitle	With Lessons from Fiji's First Emerging Economy Sovereign Green Bond	en
dc.type	Working Paper	en
dc.type	Document de travail	fr
dc.type	Documento de trabajo	es
dspace.entity.type	Publication
okr.crossref.title	Guidance for Sovereign Green Bond Issuers
okr.date.disclosure	2018-05-03
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Working Paper
okr.docurl	http://documents.worldbank.org/curated/en/813671525333162636/Guidance-for-sovereign-green-bond-issuers-with-lessons-from-Fijis-first-emerging-economysovereign-green-bond
okr.guid	813671525333162636
okr.identifier.doi	10.1596/29783
okr.identifier.externaldocumentum	090224b0859971de_1_0
okr.identifier.internaldocumentum	29859913
okr.identifier.report	125913
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/813671525333162636/pdf/125913-WP-FJ-Guidance-for-Soverign-Green-Bond-Issuers-v1-PUBLIC.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Fiji
okr.topic	Public Sector Development::Public Sector Economics
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Environment::Climate Change and Environment
okr.topic	Environment::Green Issues
okr.topic	Finance and Financial Sector Development::Debt Markets
okr.topic	Finance and Financial Sector Development::Public & Municipal Finance
okr.unit	Finance, Competitiveness and Innovation Global Practice