{"query_echo":{"q":"","filters":{"analysis_type":["taxonomy alignment"]},"warnings":[{"code":"facet_value_not_in_vocabulary","message":"Value 'taxonomy alignment' for facet 'analysis_type' is not in the controlled vocabulary."}]},"total":{"value":2,"relation":"eq"},"page":1,"page_size":20,"self":"https://climateinsightsdirectory.org/api/v1/search?analysis_type=taxonomy+alignment","stability":"beta","ai_marking":{"digital_source_type":{"uri":"http://cv.iptc.org/newscodes/digitalsourcetype/trainedAlgorithmicMedia","name":"Created using Generative AI"},"notice":"Summary and key insights are generated using artificial intelligence."},"results":[{"id":"clibonds-000895","url":"https://climateinsightsdirectory.org/document/clibonds-000895","title":"Green Bond Fact Sheet","publisher":{"name":"Climate Bonds Initiative","organization":"climate-bonds-initiative"},"document_type":"fact sheet","language":"en","date_published":"2018-12-31","source_url":"https://www.climatebonds.net/files/drupal-files/files/2018-12%20CN%20Chongqing%20Three%20Gorges%20Bank.pdf","generator":"Climate Insights Directory","generated_fields":["summary","key_insights","climate_tags","analysis_type"],"summary":{"text":"The Chongqing Three Gorges Bank issued a CNY 3 billion (USD 436.9 million) green bond on 27 December 2018 with a three-year tenor. The proceeds are designated for energy saving, pollution prevention, resource conservation and recycling, clean energy, and ecological protection and adaptation. The Climate Bonds Initiative (CBI) included the bond in its database because hydropower accounts for only 3% of total proceeds and other allocations align with the PBoC catalogue and CBI taxonomy, though the bond may be excluded if future reporting shows the actual use of proceeds fails to meet CBI definitions.","ai_generated":true,"unit":"clibonds-000895#summary","date_modified":"2026-10-23"},"key_insights":[{"text":"On 27 December 2018, Chongqing Three Gorges Bank issued a green bond totaling CNY 3 billion (approximately USD 436.9 million) with a maturity date of 27 December 2021.","ai_generated":true,"unit":"clibonds-000895#insight-1","date_modified":"2026-10-23"},{"text":"The bond's proceeds are allocated across four primary categories: clean energy (specifically solar, onshore wind, and hydro), energy saving, pollution prevention, resource conservation and recycling, and ecological protection and adaptation.","ai_generated":true,"unit":"clibonds-000895#insight-2","date_modified":"2026-10-23"},{"text":"The Climate Bonds Initiative included the bond in its database despite the inclusion of hydropower, as hydropower represents only 3% of the total proceeds and other allocations align with the CBI taxonomy and the PBoC catalogue.","ai_generated":true,"unit":"clibonds-000895#insight-3","date_modified":"2026-10-23"},{"text":"The bond's continued inclusion in the CBI database is conditional upon the actual use of proceeds meeting green bond definitions in future quarterly reports.","ai_generated":true,"unit":"clibonds-000895#insight-4","date_modified":"2026-10-23"}],"climate_tags":["climate bond","solar energy","onshore wind farm","hydropower","waste management","afforestation","climate finance"],"geography_discussed":[],"frame_perspective":[],"analysis_type":["financial assessment","taxonomy alignment"]},{"id":"clibonds-000641","url":"https://climateinsightsdirectory.org/document/clibonds-000641","title":"中国绿色债券市场季报 2018 第三季度","publisher":{"name":"Climate Bonds Initiative","organization":"climate-bonds-initiative"},"document_type":"report","language":"en","date_published":"2018-10","source_url":"https://www.climatebonds.net/files/drupal-files/files/China%202018%20Q3%20EN_Final.pdf","generator":"Climate Insights Directory","generated_fields":["summary","key_insights","climate_tags","geography_discussed","analysis_type"],"summary":{"text":"The report analyzes China's green bond market in Q3 2018, noting a total issuance of USD 8.5bn. It highlights that while total issuance for the first three quarters of 2018 (USD 21.5bn) exceeded the same period in 2017, only 49% of Q3 volumes aligned with international definitions. Financial corporates dominated issuance, and renewable energy remained the largest sector for proceeds. The document also details new regulatory guidelines from the PBoC, SSE, and CSRC, and updates to the Climate Bonds Initiative (CBI) taxonomy regarding utility tunnels and hydropower.","ai_generated":true,"unit":"clibonds-000641#summary","date_modified":"2026-10-23"},"key_insights":[{"text":"Total green bond issuance in China for the first three quarters of 2018 reached USD 21.5bn, which is higher than the USD 20.9bn issued during the same period in 2017, despite a 9% decrease in Q3 2018 (USD 8.5bn) compared to Q3 2017 (USD 9.4bn).","ai_generated":true,"unit":"clibonds-000641#insight-1","date_modified":"2026-10-23"},{"text":"Only 49% (USD 4.2bn) of the Q3 2018 issuance from Chinese issuers aligned with international green bond definitions. The primary reasons for excluding the remaining bonds were the allocation of proceeds to working capital and projects not aligned with the CBI Taxonomy.","ai_generated":true,"unit":"clibonds-000641#insight-2","date_modified":"2026-10-23"},{"text":"Financial corporates were the dominant issuer type in Q3 2018, accounting for 51% of the total issuance with a volume of USD 4.3bn. Local government financing vehicle (LGFV) issuers also saw growth, issuing USD 827m in Q3, which is three times the amount issued in the previous quarter.","ai_generated":true,"unit":"clibonds-000641#insight-3","date_modified":"2026-10-23"},{"text":"Renewable energy was the largest sector for the use of proceeds in Q3 2018. Other significant climate themes included low carbon transport and water, with the proportion of proceeds allocated to water increasing from 7% in Q1 to 18% in Q3.","ai_generated":true,"unit":"clibonds-000641#insight-4","date_modified":"2026-10-23"},{"text":"Offshore issuance represented 19% of the Q3 total, with bonds listed on the Luxembourg Green Exchange, Euronext Ireland, and the Hong Kong Stock Exchange.","ai_generated":true,"unit":"clibonds-000641#insight-5","date_modified":"2026-10-23"},{"text":"The People's Bank of China (PBoC) introduced a quarterly evaluation of green credit performance for deposit-type financial institutions, with results integrated into the banks' macro-prudential assessment.","ai_generated":true,"unit":"clibonds-000641#insight-6","date_modified":"2026-10-23"},{"text":"The Shanghai Stock Exchange (SSE) updated its regulatory requirements, allowing issuers with over 50% of operating revenue from green industry to issue green corporate bonds without specifying underlying projects, provided at least 70% of funds are used for business development within the green industry.","ai_generated":true,"unit":"clibonds-000641#insight-7","date_modified":"2026-10-23"},{"text":"The Climate Bonds Initiative (CBI) updated its database criteria to align with the PBoC catalogue on underground pipeline corridors (utility tunnels) and established new hydropower criteria based on power density (preferably 5W/sqm or higher) and emissions (preferably up to 100gCO2e/kWh).","ai_generated":true,"unit":"clibonds-000641#insight-8","date_modified":"2026-10-23"}],"climate_tags":["climate bond","renewable energy","water distribution system","waste management","hydropower","climate finance"],"geography_discussed":["Hong Kong","Luxembourg","Ireland","Guangdong","Beijing"],"frame_perspective":[],"analysis_type":["market overview","policy analysis","taxonomy alignment"]}]}