It has been a while since we published our article titled
Green Bonds or Greenwash?", published on Mondaq on
May 6, 2015. By the time, importance and the popularity of green
bonds are growing stronger. Therefore we thought the ones
interested in the topic needed an update on the recent developments
on green bonds in Turkey.
British non-governmental organization Climate Bonds Initiative
("CBI") who supports the growth of the green and
climate bonds market, has an interest in Turkey after China, India
and Brazil. Mr. Manual Adamini, the research and development
director of CBI, visited Istanbul, Turkey to meet with some private
sector leaders and bank representatives on green bonds. The main purpose of the meeting
was to explain the benefits of green bonds; their effect on the
global economy and how companies can gain benefits from it.
According to the HSBC's report, dated
November, 2015, in 2014, USD 37 billion green bonds were issued in
the market and the World Economic Forum estimate that future annual
spending towards climate finance will be approximately USD 700
billion per annum. Although green bonds are not yet that popular in
Turkey, bonds with the amount of TRY 3,8 billion had been exported
last year and this number already indicates the great potential of
Turkey. Mr. Adamini stated that they are in contact with Turkish
government agencies such as Ministry of Finance, Banking Regulation
and Supervision Agency, Capital Markets Board, Central Bank of
Turkey, Banks Association of Turkey as well as NGOs such as S360 in order to cooperate with them by
reforming the existing finance policies, for the promotion of the
green bonds and increase the usage of green bonds in private
sector. In Turkey, exporting green bonds are not so different than
issuing the ordinary bonds, except for the green ones, it is a must
that the income derived therefrom will be used in environmental
friendly investments. Mr. Adamini further stated that they are also
working on green Sukuk as an Islamic financing product and
continuing their works on this field in Indonesia and Malaysia.
We are deeply interested in this subject and will continue to
keep you updated on the same!
 A non-governmental organization
which aims to contribute in the construction of a different future
for Turkey and nearby geography and to create simple and effective
solutions for today's complex problems in order to make
sustainability possible for generations to come.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The Court of Appeal have ruled that a landowner can be held criminally liable for a breach of the environmental permitting regulations carried out on their land by a third party where they have knowledge of the regulated act taking place.
Whilst they still have some distance to go, claimants in an Erin Brockovich-style multi party toxic tort action based on remediation activities in Corby have overcome an important hurdle in their fight for compensation.
Yassıada'yı turizme kazandırma bahanesiyle katleden, kıyan, özünden, geçmişinden ve doğasından koparan, para hırsıyla gözü dönmüş cellatlar topluluğu, size sesleniyorum!
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).