BANGKOK (NNT) - Thailand’s decision to issue Green Bonds to acquire 1 trillion baht to alleviate the environmental impact of COVID-19 has garnered recognition from the Climate Bonds Initiative (CBI), which has named the Kingdom a Sovereign Green Market Pioneer.

 

Public Debt Management Office (PDMO) Director Patricia Mongkhonvanit explained today that the Thai government’s Sustainability Bonds or Green Bonds have gained it the Sovereign Green Market Pioneer accolade from the CBI’s 6th Climate Bond Awards. The award recognizes Thailand’s regional influence on sustainable finance, and success in achieving a reduction in carbon emissions in line with the Paris Climate Agreement. It is the sixth such award the bonds have brought the Kingdom.

 

CBI is a non-profit organization of the United Kingdom that promotes environmental and socially responsible investment. Its recognition is an affirmation of Thailand’s Green Bond initiative at a global level and should spur domestic and foreign investment confidence while underlining Thailand’s role in the international effort against climate change and environmental degradation.

 

-- © Copyright NNT 2021-04-23

 

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5 minutes ago, snoop1130 said:

has named the Kingdom a Sovereign Green Market Pioneer

thailand as a non-polluting pioneer !; quite the laugh; ask all the people in north thailand about their air quality in those dreaded three months and what the thai govt is doing about it 

Perhaps someone should sponsor a few air tickets for CBI executives to visit Thailand during the harvest season and experience for themselves how the entire country is blanketed in thick smoke from burning fields. So much for "promoting environmental sustainability" and "success in achieving a reduction in carbon emissions."

 

And why do I have that dull gut feeling that those bonds the government will issue to "acquire" 1 trillion baht are not going to be used for "alleviating the environmental impact of COVID-10"? By the way: What Is the environmental impact" of the virus? It certainly impacts a lot. But the environment???

What's the rate of return on these bonds? 

Just found it.  It has a pathetic yield of 1.585%, where the global average yield on Green Bonds is 7.5%.  I should check in the US.  I would be nice to invest in a fixed-income asset that has a reasonable return.

  

13 hours ago, connda said:

would be nice to invest in a fixed-income asset

First of all you should learn about the monetary system.

As soon as you understand the graph below (M2/U.S./10y)

you'll understand that an investment in fixed-income securities is generally a losing proposition.

 

 

13 hours ago, connda said:

It has a pathetic yield of 1.585%

Bonds often publish the yield figures only for legal or taxation reasons.
This number has little to zero influence on the overall performance of your investment in the long term.

Just shows howmuch <deleted> these climate change orgs are. Its a smoke filled country with p;astic litter everywhere, but its good enough for the self serving lot.