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Bonds and climate change. The state of the market in 2016

The research estimates that there are $694bn of climate-aligned bonds outstanding, an increase of $96bn on last year’s report. This is the 5th annual State of the market report. The report, commissioned by HSBC, discovers and quantifies bonds that are being used to finance low carbon and climate resilient infrastructure: climate-aligned bonds. This includes labelled green bonds with use of proceeds defined and labelled as green, as well as a larger universe of bonds financing climate-aligned assets that do not carry a green label. Together, these make up our ‘climate-aligned’ bond universe.[…]