Green Bonds: Trends & Updates in 2017
Green bonds, issued to finance environmentally friendly projects, are increasing in demand and number. Issuances reached a record high of $93.4 billion in 2016 and are expected to crest over $200 billion in 2017. Despite the allure of their ecological benefits, the financial viability of these bonds defy traditional market terms and must be measured by other ratings principles and methodologies. Likewise, while demand for these bonds is high, the standards for greenness vary widely, particularly with governments like China leading the market.
In this LIVE Webcast, a panel of thought leaders assembled by The Knowledge Group will analyze the green bond market and the response of investors and traders to their growing proliferation. The agenda will include discussion of transparency and accountability standards set by the Climate Bonds Initiative, along with other regulatory efforts, and the potential effect of the Trump Administration’s low priority for environmental protection.
Key Topics Include:
- Green Bond Principles
- Paris Climate Agreement (COP21)
- Chinese Market Initiatives
- Regulatory Schemes
- Investor Assessment Methodologies
- Effect on Environmental Policies
Robert N. Freedman, Partner
Shearman & Sterling LLP
Michael A. Lehmann, Partner
- History of Green Bonds and overview of current market
- Comparison to other incentives and sources to service Green Bonds
- Discussion of some actual issuances and current issues
- Predicting Green Bond growth under the Trump administration and the current status of the Paris agreement
- General wrap up
Who Should Attend:
- Bond Counsel
- Bond Managers
- Finance Managers
- Underwriter Counsel
- State and Municipal Lawyers
- Environmental Lawyers
- Investor Protection Lawyers/Consultants
- Investment Bankers
Robert Freedman co-heads the Firm’s global Sustainable Development and Energy groups, and his practice focuses on finance and development, asset acquisitions and dispositions, and complex work-outs and restructurings of infrastructure assets, including renewables and sustainable development. His exposure with green bond transactions including the financings of: numerous solar power projects such as the Alamo 5 and Alamo 7 projects in Texas and a portfolio of projects owned by ConEd Development in California; LS Power’s Seneca Hydro Project in Pennsylvania; and Sempra Energy’s Broken Bow II wind power project in Nebraska. Robert is recognized as a “highly respected” and a leading lawyer in project finance publications, and widely quoted in news publications on matters relating to renewables and other infrastructure sectors.
Robert Freedman co-heads the Firm’s global Sustainable Development and Energy groups, and his practice focuses on finance and development, asset …
Michael Lehmann is a partner in Dechert’s tax department based in its NY and Philadelphia offices. His practice includes a wide variety of issues related to energy transactions, including tax-exempt bonds, tax credits and other tax incentives for renewable energy. He has represented project sponsors and developers, tax credit equity investors, and high net worth individuals, private foundations and other persons with significant “green” and other socially responsible investment goals.
Michael Lehmann is a partner in Dechert’s tax department based in its NY and Philadelphia offices. His practice includes a …
Print and review course materials
Method of Presentation:
Experience in investment and environmental laws
NASBA Field of Study:
Finance - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Shearman & Sterling LLP
Established in 1873, Shearman & Sterling LLP is a preeminent law firm with a broad-based reputation for excellence. The Firm has approximately 850 lawyers in 20 offices. Our excellence and outstanding level of client service is widely recognized both domestically and internationally. For years, we have been praised by Chambers Global, Legal 500, The American Lawyer, Law360, and the Financial Times. We believe this recognition underscores our commitment to providing the full spectrum of service that matters most to our clients in achieving their goals. In 2016, the Firm made headlines in the green bonds market. The Firm advised Greenko’s $500 million first-of-its-kind Indian high yield green bonds and the Province of Ontario’s C$750 million green bonds offering, the second under Ontario’s green bond program. The firm is also pro bono counsel to the Climate Bond Initiative.
About Dechert LLP
Dechert LLP is an international law firm of more than 900 lawyers with top-ranked practices in corporate and securities, complex litigation, finance and real estate, and financial services and asset management. Dechert has offices throughout the United States, Europe, Asia and the Middle East.