The American Council on Renewable Energy's (ACORE) latest intern publication, titled Green Bond Market Insights—Why Corporates Matter analyzes exciting new developments in the green bond market and explains the increasing role that corporate issuers can play in its expansion. Written by summer 2016 intern, Patrick Eble, this publication comes at a time when total global debt issuance topped $4 trillion in 2015, of which only $42.4 billion (or 1.1%) were green bonds. Even more staggering are the figures for corporate green bond issuance in the United States, in which companies have issued $8 billion dollars of green bonds since 2013, a mere 0.15% of the country’s total corporate debt issuance over the same period. So how will the green bond market grow? Corporate issuance is crucial.
One of the biggest developments in the renewable energy marketplace in the last 12–24 months has been the rapid growth in corporate renewables purchases. A vanguard of commercial and industrial companies is now playing an increasingly important role in the evolution of renewables—both in terms of their growing share of the market and their increasingly sophisticated needs and procurement approaches. As a result of this influence, ACORE worked with PwC to survey companies headquartered in the U.S. to better understand what is driving corporate renewables purchases, and what is holding companies back from doing even more.