Green bonds nurture Asian growth shoots $32 billion

Asia is expected to issue a total of $60 billion worth of green bonds in 2017 and China, as one of the major issuers, will serve as a main driving force for the region's future growth, according to a report from Bloomberg Green Bond Database.

Green bonds are a tool to finance eligible green projects, including renewable energy and energy efficiency and water treatment projects.

Aside from their applications, green bond are identical with conventional bonds, in terms of credit, liquidity, currency and tenor, as well as price.