RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

SJVN Green Energy Invites Bids to Source Land for 200 MW Solar Projects in Assam

Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

Apple Partners with CleanMax to Power India Operations with Renewable Energy

Explainer: Application Process for ALMM Inclusion and Renewal

<p>In a first for the country, Namibia recently announced the launch of its green bond. By doing this, <a href="http://www.bankwindhoek.com.na/Pages/default.aspx" target="_blank" rel="noopener">Bank Windhoek</a>, a wholly Namibian-owned commercial bank, became the first commercial bank to issue a green bond not only in Namibia but also across southern Africa.</p>
<p>The green bond is listed on the Namibia Stock Exchange and complies with the Sustainable Stock Exchanges (SSE) Initiative, a United Nations (UN) Partnership Program of the UN Conference on Trade and Development (UNCTAD), and the U.N. Global Compact. The aim of the SSE is to build the capacity of stock exchanges and securities market regulators so that it can promote responsible investment in sustainable development and advance the performance of corporate companies on issues of environmental and social impact as well as governance.</p>
<p>“The issuance of Namibia’s first green bond, is testament to Bank Windhoek’s vision to be the financial partner of choice, ultimately leading to positive change in the country and the southern African region. We want to thank our first investors Old Mutual and the Government Institutions Pension Fund for their trust and commitment to the Green Bond,” said Claire Hobbs, Chief Treasurer of Bank Windhoek.</p>
<p>Over the last two years, green bonds have become increasingly popular, with sustainability emerging as the key metrics in deciding both financing commitments as well as the fate of several development projects. According to <a href="https://www.climatebonds.net/resources/reports/green-bond-highlights-2017" target="_blank" rel="noopener">reports</a>, total green bonds issued in 2017 were $155 billion, and in the H1 alone it stood touched $75 billion. Green bond issuance in CY 2018 is forecasted to touch between $250 billion to $300 billion.</p>
<p><a href="https://mercomindia.com/ifc-green-bonds-philippines/" target="_blank" rel="noopener">In December 2017,</a> the first green bond was launched by a commercial bank, BDO Unibank Inc, in the Philippines and it attracted a $150 million investment from the International Finance Corporation (<a href="http://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home" target="_blank" rel="noopener">IFC</a>) to help expand financing for private sector investments to address climate change.</p>
<p><a href="https://mercomindia.com/ifc-indonesian-rupiah-green-bond/" target="_blank" rel="noopener">Recently</a>, the International Finance Corporation (IFC), a member of the World Bank Group, issued its inaugural Indonesian Rupiah Komodo green bond. The green bond issue attracted strong investor demand and raised $134 million to combat climate change.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
</div></div><div class="clearfix"></div></div></div>

Namibia Announces Issuance of its First Green Bond

bank-windhoek

Get the most relevant India solar and clean energy news.

RECENT POSTS