Green Bonds Soar Despite Uncertain Legal Environment
Law360, New York (April 28, 2016, 6:38 PM EDT) -- Green bonds are blossoming as more issuers tout their environmental savvy to like-minded investors amid growing pressure to curb carbon footprints, boosting a market niche that lawyers expect will continue to expand despite the absence of a concrete legal framework.
New data from Moody’s Investors Service shows that global green bond issuance, aided by three large Chinese issues and Apple Inc.’s first green bond sale, grew to $16.9 billion in the first quarter, more than triple the year-ago pace. Moody’s also said year-end totals are now likely to reach $70 billion, up from an earlier forecast of $50 billion, potentially besting...
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