Sep 142016
 
By Greig Aitken, BankTrack, 13 September 2016

At the Climate 2020 website today, my colleague Ryan Brightwell has been assessing the ‘green-ness’ of green bonds, an increasingly popular financial instrument intended to be all about generating investment in environmentally sustainable projects. Given their rise to prominence, Ryan describes these bonds as ‘the new black in the world of environmental finance’, and mentions how the proceeds of one green bond issued by the Export-Import Bank of India are being deployed to develop a railway link vital to the operations of the proposed Rampal coal plant project in Bangladesh. This post digs deeper into Exim Bank’s green bond deal – one with very black implications for the world-renowned Sundarbans mangrove forest and its inhabitants. Continue reading »