GRESB recently released the 2016 update to the GRESB Green Bond Guidelines for the Real Estate Sector.
The guidelines are geared to real estate sector market participants originating and/or investing in green property bonds. Green bond issuance in 2016 currently stands at slightly above $50 billion and is on pace for $80 billion by year end—a record setting level. Key growth areas include China and Mexico.
Over the past several years, green property bonds gained greater traction, with the real estate industry emerging as a key sector. “Climate change and societal efforts to reduce carbon emissions have become one of the big investment themes,” said Nils Kok, CEO of GRESB. “Alternative investments such as green bonds, used to fund environmentally-friendly projects, have emerged as a market-driven way of bridging the financing gap by directing capital to companies with projects that can slow carbon emissions as we work to avoid environmental catastrophe.”
To read more about the GRESB Green Bond Guidelines for the Real Estate Sector, visit gresb.com.
Related Stories
Energy | Jul 25, 2016
Michigan law provides local governments with flexible energy conservation financing
Allows cities to fund projects without adding debt.
Contractors | Jul 15, 2016
Trade unions, contractors call for maximum penalty in construction worker death case
‘Sick and tired’ of lawbreaking contractors defining public perception.
Multifamily Housing | Jul 14, 2016
Portland, Ore., City Council approves construction excise tax for affordable housing
Expected to raise $8 million annually on commercial and residential projects.
Drones | Jul 13, 2016
FAA issues final rule on commercial use of drones
The rule covers commercial uses for drones that weigh less than 55 pounds, and it takes effect Aug. 29.
Codes and Standards | Jul 12, 2016
OSHA raises maximum civil penalties by 78%
Applies to infractions that occurred after Nov. 2, 2015.
School Construction | Jul 11, 2016
Fight over school funding in Arizona headed to court
Legislature accused of ignoring 1994 ruling ordering state to pick up some of the costs.
Green Specifications | Jul 8, 2016
World Green Building Council sets goal of 100% net-zero buildings by 2050
All new buildings and major renovations to be net-zero by 2030.
Market Data | Jul 7, 2016
Airbnb alleged to worsen housing crunch in New York City
Allegedly removing thousands of housing units from market, driving up rents.
Urban Planning | Jul 7, 2016
Y Combinator project would build new city using new technology, urban policies
Zoning, property rights, building codes all could be re-imagined.
Green | Jul 6, 2016
U.S. healthcare system’s GHG emissions rise 30% in past decade
If U.S. healthcare were a country, it would rank 13th in GHG emissions.