The European Commission seeks stakeholders’ feedback until 18 November on its proposal to define cross-border projects in the field of renewable energy generation that would be eligible to receive EU funding under Connecting European Facility instrument.

Continue Reading European Commission Opens Public Consultation to Define Selection Criteria for Renewable Energy Projects Eligible of EU Funding

On Monday this week a consortium of thirteen investment banks announced their support for a set of “Green Bond Principles” that are intended as voluntary guidelines to encourage greater and more consistent transparency, disclosure and integrity in the development of the burgeoning Green Bond market.

Green Bonds are a category of debt instruments issued by multilateral development agencies and other commercial project development financiers the proceeds of which are applied exclusively to projects that promote climate or other environmental sustainability.  Projects that have tapped Green Bond funding include renewable energy projects, energy efficiency retrofits, clean water resources and sustainable waste management projects.  These instruments provide a vehicle for investors in fixed income securities to support clean energy and other sustainability initiatives.  According to a Reuters report, over $10 billion in Green Bonds were issued in 2013.
Continue Reading Major Banks Sign On to Disclosure Guidelines for Green Bonds