Grüne Verbriefungen: Eröffnung von Finanzierungsmöglichkeiten für kleinere kohlenstoffsparende Projekte

This briefing by the Climate Bonds Initiative explains how green asset-backed securities (ABS) can unlock financing for smaller carbon-saving projects by pooling non-liquid assets into tradable securities, thereby improving capital access and reducing costs.

• Green asset-backed securities (ABS) are growing within the green bond market, with emissions reaching approximately USD 5 billion in 2016, which represented a 6% market share. This is an increase from USD 1.9 billion in 2014.
• The OECD estimates that annual emission volumes for green ABS transactions focusing on energy efficiency projects, renewable energies, and low-emission vehicles could reach between USD 280 billion and USD 380 billion by 2035.
• Green securitization provides two primary financial benefits: it allows smaller projects to be pooled to reach a transaction volume suitable for the bond market, and it can offer lower capital costs compared to bank financing in high-interest environments, which is critical for carbon-saving projects with high initial investment costs.
• The public sector is identified as essential for expanding green securitization markets. Recommended policy measures include collaborating on uniform definitions for green assets, providing financial support for data collection, offering guarantees for junior or mezzanine tranches to attract institutional investors, and supporting 'financial warehousing' through public-private partnerships or local development banks.
• Notable examples of green ABS include the first global green Residential Mortgage-backed Security (RMBS) issued by the Dutch mortgage bank Obvion in June 2016 with a total volume of EUR 500 million (USD 557 million), and a Climate Bonds Standard certified solar sector securitization by FlexiGroup totaling AUD 50 million (USD 39 million).

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} }