Major corporations also have a key role to play in sustainable finance. Recently, ADIF (the operator of Spain's rail network) raised 600 million euros in green bonds, in part among green investors. In addition, Apple has already issued two green bonds (the company issued a one billion dollar green bond in June 2017) dedicated to financing energy efficiency projects, while Starbucks just raised a sustainable bond of 500 million dollars to fund ethical coffee production.

Green or sustainable bonds enjoy robust political support in some countries, such as China, which now relies on environmental projects to stimulate growth. Its government has planned a new round of financial regulatory easing so that the country can authorize more green bonds. In fact, China's green bond total grew from zero to 36 billion dollars between 2015 and 2016.

BNP Paribas SA published this content on 23 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2018 14:04:08 UTC.

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