Green Bonds Likely To Blossom Despite Paris Accord Fallout
Law360, New York (June 7, 2017, 7:37 PM EDT) -- President Donald Trump's call to withdraw the U.S. from the Paris climate agreement won't dampen the outlook for green bonds, experts say, noting that momentum for this nascent but growing segment of debt capital markets is gaining steam independently of the accord.
Green bonds, which have no unified legal definition but broadly encompass debt-raising for environmentally friendly purposes, hit a record $93 billion globally last year, according to Moody's rating agency. Growing public policy support for cleaner energy coupled with investor demand for debt instruments that finance such projects are cited as reasons for the growth.
Attorneys who advise energy-related finance...
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