SRI bonds — forerunners of the new green generation

Green bond issuance is accelerating and many market participants believe that 2014 is the year that the asset class will reach maturity. Not if maturity means it has all become plain sailing and uncontroversial. Market participants still have plenty of issues to debate. How much standardisation does the market need? Should the rating agencies move in? How should deals be priced? What is the value of third party analysis? And are issuers really gaining new investors?