Green Bonds

IEEFA Research

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

Accommodating the gas sector risks diluting standards and discouraging new pools of green capital

21 September 2021 (IEEFA Asia): Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG […]

and September 21, 2021 Read More →
IEEFA: Renewable energy investment in India bounces back from COVID-19 slowdown

IEEFA: Renewable energy investment in India bounces back from COVID-19 slowdown

Investment in Indian renewables was US$6.6 billion between April and July 2021, beating the total for the previous financial year

19 August 2021 (IEEFA India): Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April […]

IEEFA: Chinese regulators urged to tighten rules for carbon neutral bonds

IEEFA: Chinese regulators urged to tighten rules for carbon neutral bonds

Bond proceeds going to coal-dominated state-owned enterprises – ESG investors beware

1 June 2021 (IEEFA): China’s carbon neutral bonds fail to restrict the use of funds to green projects and are adding to the working capital of coal-dominated state-owned enterprises (SOEs), according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) which calls for deeper reforms to green finance standards […]

IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure

IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure

Italian gas giant publicizes hydrogen commitment while spending shows business as usual

March 16, 2021 (IEEFA) — Even as it seeks to attract funding from sustainability-led lenders, Europe’s largest gas pipeline company continues to devote the vast majority of planned capital spending to unabated fossil gas infrastructure, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA). Snam, the Milan-based gas transmission system […]

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

The key domestic and international institutions driving renewable energy growth in India

16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). […]

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors

22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]

and December 22, 2020 Read More →

More News and Commentary

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk
and

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

Accommodating the gas sector risks diluting standards and discouraging new pools of green capital

21 September 2021 (IEEFA Asia): Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG […]

and September 21, 2021 Read More →
IEEFA: Renewable energy investment in India bounces back from COVID-19 slowdown
and

IEEFA: Renewable energy investment in India bounces back from COVID-19 slowdown

Investment in Indian renewables was US$6.6 billion between April and July 2021, beating the total for the previous financial year

19 August 2021 (IEEFA India): Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April […]

IEEFA: Green bonds are driving cost-effective finance to clean energy in India

IEEFA: Green bonds are driving cost-effective finance to clean energy in India

Indian green bonds attractive in global low interest rate environment

Green bonds have become a key financial instrument for mobilising cost-effective foreign debt capital into the Indian renewables market. Since 2016 Indian corporates and financial institutions have raised around US$14.43bn through green bonds as per Bloomberg New Energy Finance (BNEF) data. In 2021 to-date, Indian companies have attracted US$4bn in green bonds, already beating the […]

August 19, 2021 Read More →
IEEFA: Chinese regulators urged to tighten rules for carbon neutral bonds
and

IEEFA: Chinese regulators urged to tighten rules for carbon neutral bonds

Bond proceeds going to coal-dominated state-owned enterprises – ESG investors beware

1 June 2021 (IEEFA): China’s carbon neutral bonds fail to restrict the use of funds to green projects and are adding to the working capital of coal-dominated state-owned enterprises (SOEs), according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) which calls for deeper reforms to green finance standards […]

IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure
and

IEEFA Europe: Snam woos investors with net-zero claims, while growing its spending on fossil gas infrastructure

Italian gas giant publicizes hydrogen commitment while spending shows business as usual

March 16, 2021 (IEEFA) — Even as it seeks to attract funding from sustainability-led lenders, Europe’s largest gas pipeline company continues to devote the vast majority of planned capital spending to unabated fossil gas infrastructure, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA). Snam, the Milan-based gas transmission system […]

IEEFA: Who benefits from MIGA’s sustainable loan guarantee for PLN?

IEEFA: Who benefits from MIGA’s sustainable loan guarantee for PLN?

This is a time for innovation, not a short-term fix

Sometimes bankers can be too clever for their own good. This is especially true when the market is distracted by misleading statements about sustainable development impact and investors fail to read the fine print. Indonesia’s state-owned power company, PT Perusahaan Listrik Negara (PLN), started 2021 by proudly announcing that it had finalized a USD 500 […]

March 15, 2021 Read More →
IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity
, and

IEEFA: Global capital mobilising for India’s $500bn renewable energy infrastructure opportunity

The key domestic and international institutions driving renewable energy growth in India

16 February 2021 (IEEFA India): A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). […]

IEEFA: High credit ratings of China’s state-owned enterprise underplays risk

IEEFA: High credit ratings of China’s state-owned enterprise underplays risk

Energy giant CHG's coal power business faces numerous challenges

China Huaneng Group Co. Ltd (CHG) is one of the biggest coal power businesses in the world with over 100 gigawatts (GW) of coal-fired power capacity. Like many of its Chinese peers, CHG is also cash hungry. The company has been actively raising new debt including a USD 500 million perpetual bond in December 2020 […]

February 1, 2021 Read More →
IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility
and

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors

22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]

and December 22, 2020 Read More →

Leading green bond firm threatens State Bank of India over support for Australian coal mine

Reuters: Amundi said it has warned the State Bank of India it will evict one of the lender’s green bonds from a flagship fund if it helps finance a coal mine in Australia that has met fierce opposition from environmental groups. Amundi, which holds the bond in its Amundi Planet Emerging Green One fund, said […]

November 30, 2020 Read More →