Writing for Money Management, Payden & Rygel’s Chloe Cho discusses green bonds, which have developed rapidly in the last decade but continue to suffer from a lack of uniformity in definitions and standards across different countries.

The issuance of the green bond market is expected to exceed US$100 billion by the end of 2017, though it will remain small and immature, accounting for less than one percent of the worldwide bond market.

Payden believes green bonds can thrive as a key component of the bond market if a uniform definition is adopted and if investors keep a keen eye on the use of bond proceeds.

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