Globally, green bonds are increasingly recognised as a valuable tool to access low-cost capital to finance low-carbon and climate resilient infrastructure. Issuances are met with high demand from investors. However, to date only 1.7% of total green bonds issued have been destined to green urban infrastructure in cities in emerging and developing economies.
Green Bond Strategy Guidelines, Green Bond Toolkits and Training Sessions will support city administrators, chiefs of utilities and heads of transport authorities in cities in the South Globe to access debt capital markets. In particular, the project focuses on capacity building around capital markets and green bonds, support in developing a pipeline of viable projects and possible credit enhancement solutions for issuers.
The project is led by South Pole Group in collaboration with Climate Policy Initiative, Climate Bonds Initiative and ICLEI – Local Governments for Sustainability.
Please view a copy of the factsheet that has been published today here.
For further details on this LoCaL project, please have a look a the Green Bonds for Cities project page.