Philippines-based commercial bank, BDO Unibank, has issued its first green bond investment for US$150 million for sole investor International Finance Cooperation (IFC), member of World Bank Group, to expand finance for private sector investments and to tackle climate change.
Nestor V. Tan, President and CEO of BDO, said: “Climate change is a very real concern in the Philippines. It is one of the most vulnerable countries globally to the impacts of such change.”
The finance will be used to fund climate-smart projects such as renewable energy, green buildings and energy efficient equipment.
The green bond will provide a source for long-term green finance and support to the Philippines’ carbon reduction target of 70% by 2030 and is expected to save up to 93,000 tons of CO₂ emissions annually by 2022.
Vivek Pathak, IFC Director for East Asia and the Pacific, said: “By setting the standard and the benchmark for green bonds issued in accordance with the Green Bond Principles which IFC helped develop, we hope to pave the way for other issuers and investors to access financing through this product.”
The issuance is the result of an advisory engagement on sustainable energy finance between BDO and IFC that began in 2010. BDO expanded its climate-smart portfolio from zero to over US$500 million. In total IFC has issued US$7.25 billion in green bonds in 12 currencies.
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
| kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
|
You design, we deliver. Enjoy solar! Get Started |
CompanyAbout Solar QC Contact us Career Promotion Program |
About SolarSolar Beginner 101 Solar QC Blog News Feed FAQ |
How It WorksEasy Step 1234 2 Min Design DIY Price Checker Design DIY |
Installer Sign UpSign up to receive more high quality fresh leads. Sign up now |
|
Go Solar with Solar QC. There’s no need to shop around since Solar QC directs manufacturers to our customers with the best prices in solar industry.
|
Solar InstallerInstaller Review Join Us Finance |
ProductPanel Inverter Racking BOS |
World Class BrandCanadian Solar Solar Edge Dual Rack |
Installer APP DownloadIOS Ipad Android |
Term & Condition• Privacy Policy• Site Map• COPYRIGHT © SOLAR QC 2016 - 2024 TEL:(818) 254-8209
Welcome to the Solar QC Website. This site equips homeowners with information regarding the most effective solar products and provides access to expert solar installers and manufacturers. The information listed in the Terms & Conditions provides a list of the services provided by solarqcgroup.com with specific user obligations in reference to content, conduct, company disclaimers, copyright, and privacy. The Terms & Conditions described are designed to protect the users and solarqcgroup.com. By accessing this website, the user automatically agrees with the content of the Terms & Conditions.
A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
Comments