Grüne Verbriefungen: Eröffnung von Finanzierungsmöglichkeiten für kleinere kohlenstoffsparende Projekte

The document examines the growth and potential of green asset-backed securities (ABS), which convert pools of non-liquid carbon-saving assets into tradable securities. It highlights that green ABS accounted for approximately USD 5 billion (6% market share) of green securities issued in 2016, growing from USD 1.9 billion in 2014. The OECD estimates that annual issuance for renewable energy, energy efficiency, and low-emission vehicles could reach USD 280-380 billion by 2035. The briefing identifies key benefits, such as the ability to bundle small projects to reach bond market volumes and the potential for lower capital costs compared to bank financing. It also addresses risks stemming from the 2008 financial crisis and recommends public sector interventions, including the development of uniform 'green' asset definitions, financial support for data collection, and guarantees for junior or mezzanine tranches to attract institutional investors.

• Green asset-backed securities (ABS) are growing, with 2016 issuances reaching approximately USD 5 billion, representing a 6% market share of green securities, up from USD 1.9 billion in 2014.
• The OECD projects that annual issuance volumes for green ABS focusing on energy efficiency, renewable energy, and low-emission vehicles could reach between USD 280 billion and USD 380 billion by 2035.
• Green securitization facilitates capital access by bundling small carbon-saving projects into volumes suitable for the bond market and allows issuers to leverage demand for environmentally beneficial securities.
• The public sector is identified as essential for market expansion, with recommended actions including creating uniform definitions for green assets, providing financial support for data collection, and offering guarantees for junior or mezzanine tranches to make senior tranches attractive to institutional investors.

APA

Climate Bonds Initiative (2017). Grüne Verbriefungen: Eröffnung von Finanzierungsmöglichkeiten für kleinere kohlenstoffsparende Projekte. https://www.climatebonds.net/files/drupal-files/files/Grune_Verbriefungen.pdf

Chicago

Climate Bonds Initiative. Grüne Verbriefungen: Eröffnung von Finanzierungsmöglichkeiten für kleinere kohlenstoffsparende Projekte. 2017. https://www.climatebonds.net/files/drupal-files/files/Grune_Verbriefungen.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Grüne Verbriefungen: Eröffnung von Finanzierungsmöglichkeiten für kleinere kohlenstoffsparende Projekte |date=February 2017 |url=https://www.climatebonds.net/files/drupal-files/files/Grune_Verbriefungen.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2017grne, author = {{Climate Bonds Initiative}}, title = {{Grüne Verbriefungen: Eröffnung von Finanzierungsmöglichkeiten für kleinere kohlenstoffsparende Projekte}}, institution = {Climate Bonds Initiative}, year = {2017}, month = feb, url = {https://www.climatebonds.net/files/drupal-files/files/Grune_Verbriefungen.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }