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Week 2 of eight in the Green Finance Professional Certificate, 108 contact hours for finance professionals, taught at the University of Twente and published by the Erasmus+ GREEN FINANCE project under CC BY 4.0. The project's second programme, the micro-credential, is five modules and 30 lessons worth 4 credits in the European Credit Transfer and Accumulation System (ECTS).

Week 2: Green Bonds

Learning Goals

  1. Understand green bond frameworks including GBP, CBI, and EU GBS standards
  2. Analyse greenium dynamics and market pricing of green bonds
  3. Apply due diligence frameworks to evaluate green bond investments

Topics Covered

  • Green Bond Principles (ICMA)
  • Climate Bonds Initiative certification
  • EU Green Bond Standard
  • Greenium analysis and evolution
  • Sustainability-Linked Bonds (SLBs)
  • Use of proceeds verification

Key Statistics

  • Greenium range: 2-7 bps (declining over time)
  • CBI certification: 80%+ verification rate
  • SLB growth: 40% CAGR since 2019

Materials

(c) Joerg Osterrieder, University of Twente

The project's published teaching material is free to use under CC BY 4.0. Attribute it to the GREEN FINANCE consortium and name the grant, 101237817.

Co-funded by the European Union - Erasmus+ Programme

Erasmus+ Programme | Capacity Building in Higher Education
Project 101237817 - GREEN FINANCE
Material on this site is published under CC BY 4.0, attributed to the GREEN FINANCE consortium.
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.