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By Johann PLÉ, Portfolio Manager, AXA IM
The green bond market’s momentum is showing no signs of slowing – it is becoming increasingly standardised, transparent and credible, which is in turn driving an ever-rising demand for the asset class.
The Paris Agreement - adopted by 196 parties in 2015 – which aimed to limit global temperature rises to well below 2°C above pre-industrial levels, but preferably much lower, has likely proved to be a tailwind for the sector. China, the world’s second-largest economy, issued its first green sovereign bond in April in a bid to attract international capital to support its environmental ambitions. Listed on the London Stock Exchange, the yuan-denominated bond raised a significant RMB6bn (US$833m).
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