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作为一种新兴的主题固定收益资产类别,绿色债券是指所募集资金用于可带来正环境收益的项目的债券,这些项目涉及的领域包括但不限于可再生能源的开发与利用、低碳交通、节能建筑、水处理、土壤修复等。截至2015年6月底,全球范围内绿色债券累计发行规模已经达到780亿美元左右。据估计,2015年全年的绿色债券发行规模达到700亿~1000亿美元,较2014年继续大幅增加。受到债券市场整体快速发展和绿色金融改革的拉动,我国绿色债券市场的发展潜力有望在未来几年内得到释放。大型商业银行和政策性银行凭借其较高的信用评级和较强的募集能力,有望成为我国绿色债券市场发展初期的主要发行主体,为市场带来充分的流动性。
As a new subject fixed income asset class, green bonds refer to bonds raised for projects that can generate positive environmental benefits. Projects covered include, but are not limited to, the development and utilization of renewable energy, low carbon Transportation, energy-saving building, water treatment, soil remediation and so on. As of the end of June 2015, the cumulative issuance of green bonds worldwide has reached about 78 billion U.S. dollars. It is estimated that the scale of issuance of green bonds in 2015 will reach 70 billion to 100 billion U.S. dollars, a substantial increase from 2014. Driven by the rapid development of the bond market as a whole and green finance reform, the development potential of China’s green bond market is expected to be released in the next few years. Large commercial banks and policy banks, with their high credit rating and strong ability to raise funds, are expected to become the main issuers of the initial stage of the development of China’s green bond market and bring sufficient liquidity to the market.