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The H1 2019 green bond market report by the Climate Bonds Initiative tracks global issuance trends, noting that Euronext Amsterdam was the top listing venue and HSBC was the leading global underwriter. The data highlights the performance of sovereign green bonds, which often showed higher book cover and larger spread compression than vanilla equivalents, and identifies energy as a primary area for use of proceeds.

The green bond market in Latin America and the Caribbean (LAC) is growing, with USD 12.6 billion issued since 2014. Brazil, Chile, and Mexico dominate the market, with Chile leading the region in sovereign green bond issuance. While energy is the most funded sector, LAC shows a higher proportion of funding for land use and industry compared to global trends. The report highlights significant opportunities for growth in sustainable agriculture and the 'blue economy' (ocean-based resources), while noting that public sector entities and financial institutions have substantial untapped potential for future green issuances.

The guide provides a comprehensive overview of green financing in the ASEAN region, detailing available debt and equity instruments, credit enhancement tools, and a step-by-step process for issuing green bonds, sukuk, and loans. It highlights the role of governments, banks, and development finance institutions in scaling up private capital to meet an estimated USD3tn green investment need by 2030.

The Q3 2019 green bond market report by the Climate Bonds Initiative tracks global trends in green finance, highlighting the dominance of energy projects in both green bonds and loans, the growth of the Asia-Pacific green loan market, and the leading roles of Euronext Paris as a listing venue and HSBC as an underwriter.

The report examines the global coffee market, highlighting a growth in VSS-compliant production which reached at least 34% of total production in 2016. While demand is increasing in emerging economies, the sector faces risks from price volatility and climate change. The analysis identifies Ethiopia and Uganda as having high potential for VSS expansion among LHDCs.

The global tea market is growing, with retail value projected to reach USD 73 billion by 2024, driven by demand in Asia and the Pacific. While VSS-compliant tea grew significantly from 2.4% of the market in 2008 to 19.4% in 2016, the sector faces challenges including climate change, poor labour conditions, and a highly concentrated value chain. The report identifies significant opportunities to expand sustainable production in China, India, and Sri Lanka, as well as in LHDCs like Burundi and Uganda.

The global cocoa market is projected to grow at a CAGR of 7.3% from 2019 to 2025, driven by demand in Western Europe, North America, and emerging Asian economies. While VSS-compliant cocoa grew significantly between 2008 and 2016, the sector faces long-term supply risks from ageing trees, climate change, and systemic poverty. The report highlights the potential for VSS expansion in LHDCs, particularly in Côte d’Ivoire, Nigeria, and Togo, to improve farmer livelihoods and environmental outcomes.

The global palm oil market is dominated by Indonesia and Malaysia, with demand driven by the food, personal care, and biofuel industries. While voluntary sustainability standards (VSSs) like RSPO have seen significant growth, the sector continues to face critical challenges including deforestation, biodiversity loss, and human rights abuses. The report highlights the potential for expanding VSS-compliant production in Low Human Development Countries (LHDCs) such as Côte d’Ivoire and Nigeria to improve livelihoods and mitigate environmental damage.

The report examines the global sugarcane market, noting that while demand is growing in Asia and Africa, it is stagnating in developed countries due to health concerns. It highlights the rise of voluntary sustainability standards (VSSs), which grew at a compound annual growth rate of about 52% from 2008 to 2016, though sales have not kept pace with production. The document identifies significant sustainability risks, including land grabbing, forced labor, and greenhouse gas emissions from field burning, and suggests that expanding VSSs in low human development countries like Sudan and Uganda could catalyze development benefits.

The report describes Poland as an EU laggard in energy transition due to an unprecedented dependency on coal and a lack of up-to-date energy strategy. While the power sector is starting to diversify through new RES auctions and gas-fired installations, the report highlights significant challenges, including the '10H rule' blocking onshore wind and a history of poor EU law transposition. It argues that the EU Clean Energy Package and rising carbon costs are key drivers that could accelerate the transition if supported by a stable national legal framework.

The report finds that many major maize flour brands in Mexico use non-recommended iron sources, such as electrolytic iron, which have low bioavailability in nixtamalized flour. While most refined wheat flours follow recommendations, wholegrain varieties often do not meet WHO standards. The authors call for updated legislation and stricter government monitoring of production and imports to combat widespread iron deficiency.

The report finds that many major flour brands in Mexico, particularly for nixtamalized corn flour, use iron compounds with low bioavailability, such as electrolytic iron, despite recommendations from the WHO and Mexican law. This failure in fortification is highlighted against a backdrop of rising anemia rates in Mexico, where corn represents 72% of cereal consumption. The study calls for updated legislation, stricter government monitoring, and better industry labeling to ensure effective micronutrient delivery to the population.

The document outlines the framework for green panda bonds—yuan-denominated bonds issued in mainland China by foreign entities to fund green projects. It details the regulatory roles of the PBoC, CSRC, and NDRC, the requirements for foreign issuers (such as solvency and credit reputation), and the specific steps for issuance, including the need for green asset identification and post-issuance reporting. It highlights that while the market is growing, with China being the second largest green bond market as of October 2018, green panda bonds represent less than 1% of China's total green bonds. The guide also notes the dominance of commercial banks as investors and the role of external verifiers in ensuring alignment with both Chinese and international standards.

The document outlines the framework for 'green panda bonds'—RMB-denominated bonds issued by overseas entities in mainland China for green projects. It details the regulatory landscape involving the PBoC, CSRC, and NDRC, and provides a four-step issuance process: preparation, application for approval, issuance, and continuous disclosure. As of October 2018, China's green bond market reached 60.9 billion USD, with renewable energy accounting for over 60% of supported projects. The guide highlights the role of domestic investors, particularly commercial banks (85% of bond trading), and the alignment of Chinese standards with international benchmarks like the Green Bond Principles and Climate Bonds Standard, while noting differences regarding fossil fuel power generation.

The document examines the gap between Brazil's agricultural importance and its limited use of green bonds for the sector, which has been primarily restricted to forestry and paper. It highlights that while government programs like the Low Carbon Agriculture Program (ABC) exist, they are underutilised due to complex application processes and a lack of understanding among financial institutions. The authors argue that green bonds and securitisation tools like Certificates of Agribusiness Receivables (CRA) could scale sustainable financing by aggregating small loans and attracting international capital.

The document analyzes the remittance landscape in Ethiopia, noting a significant discrepancy between World Bank and National Bank of Ethiopia (NBE) inflow estimates. It identifies a high reliance on informal channels, estimated at 65% to 80% of remittance value, driven primarily by an overvalued currency and restrictive foreign exchange controls. The formal sector is bank-led and dominated by a few large players, with limited digital penetration due to the absence of e-money licenses and a lack of a national ID database. Infrastructure challenges, including low electricity and internet access and a basic national payment system lacking a retail electronic funds transfer (EFT) system, further hinder the efficiency of formal transfers. The report recommends implementing a risk-based approach to AML/CFT, legalizing foreign currency exchange at market rates, and developing a comprehensive e-money regulatory framework to reduce informality and costs.

ClientEarth argues that the UK's Capacity Market (CM) may be over-procuring capacity and risks subsidising fossil fuels, thereby undermining the coal phase-out and the Paris Agreement. The organisation recommends making Emissions Performance Standard (EPS) and LCP BREF compliance mandatory for CM entry, removing very long-term contracts to prevent fossil-fuel lock-in, and reducing financial barriers for demand-side response (DSR) and storage. It further suggests introducing a specific 'climate and competition' objective for the CM and reforming the cost-recovery methodology to provide sharper price signals for DSR. ClientEarth also calls for an independent resource adequacy assessment that accounts for the growth of distributed energy resources and interconnection.

The report examines the environmental and health impacts of the global livestock sector, highlighting its role in greenhouse gas emissions, deforestation, and antimicrobial resistance. It argues that current consumption trends are incompatible with the Paris Agreement and Sustainable Development Goals. The document analyzes the rise of plant-based and cultured meat alternatives as disruptive innovations and criticizes the lack of government policies to drive a transition, noting that existing subsidies often support intensive farming. It recommends shifting subsidies, implementing meat taxes, and updating dietary guidelines to promote sustainable, low-emission food systems.

In Q3 2018, China's green bond market saw $8.5 billion in issuances, with financial institutions accounting for 51% of the total. While total issuance for the first three quarters of 2018 ($21.5 billion) exceeded the same period in 2017, only 49% of Q3 issuances aligned with international green bond definitions. Renewable energy remained the largest investment area, while water-related projects saw an increase in funding share to 18%. The report also details updated Climate Bonds Initiative (CBI) classification criteria for underground utility tunnels and hydropower projects to better align with the People's Bank of China's guidelines.

The research concludes that South Africa does not need a dedicated state-owned export-import bank because its current trade finance market, comprising both private banks and state entities like the IDC and ECIC, is robust and sufficient. The authors argue that establishing a new ECA would be unfeasible due to severe fiscal constraints and would result in unnecessary market duplication. However, the paper identifies a significant gap in trade finance access for small and medium-sized enterprises (SMEs) and recommends that the IDC and ECIC prioritize streamlined solutions for this sector.