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[1]. 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[2], dated
November, 2015, in 2014, USD 37 billion green bonds were issued in
the market and the
