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Green Bond Market Embraced By Soviet Republic New to Debt Sales

  • Uzbekistan plans to finance renewable energy with sukuk
  • Islamic finance makes up tiny part of global green bond market
Bazaar in Tashkent, Uzbekistan. 

Bazaar in Tashkent, Uzbekistan. 

Photographer: Taylor Weidman/Bloomberg
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A former Soviet republic that sold its first international bond just last year is eyeing up a green-debt sale, in the latest sign that sustainable finance has entered the mainstream.