The release of a nearly $7 billion bond, which will help the Netherlands adapt to sea level rise, was met with widespread enthusiasm from investors. It's the latest in a wave of innovations in green bonds and climate adaptation.
Today at the Global Climate Action Summit, 45 cities across six continents joined the Cities4Forests initiative, committing to conserve and restore their forests while making residents more aware of the vast benefits of trees.
Green bonds finance sustainable infrastructure projects. A new criteria sets standards for green bonds for built and natural water infrastructure.
Wetlands, forests and other green spaces are the original water infrastructure. For the first time, they can now be financed through bonds – just like other built infrastructure such as treatment plants and dams.
A new paper by World Resources Institute finds strong interest and opportunities for sustainable investing within the US institutional investor marketplace. But key barriers persist.
China recently issued its first directive on “green bonds,” funds exclusively applied to finance new and existing green infrastructure projects. The new standards should help scale up the use of green bonds and usher in new low-carbon projects like renewable energy and public transit systems.