Knowledge sharing and exploring opportunities to develop new markets in Europe
Subnational Green Bonds and Subnational Pooled Financing Mechanisms (SPFM) have been identified in the New Urban Agenda as potential catalysers to finance its implementation at the local level and as accelerators to mobilize capital markets to finance cities’ low-carbon transition. However, the knowledge and understanding of public stakeholders, national and local decision makers on how to combine these two instruments remains unclear.
Municipalities are confronted with challenges in accessing capital markets, particularly relating to creditworthiness. Subnational pooled financing mechanisms provide joint access to capital markets and advantageous conditions for borrowers, especially for municipalities that on their own would not have the expertise or credit history to access the markets.
The project aims to promote and develop Subnational Green Bonds and Subnational Pooled Financing Mechanisms to national and local public representatives in South and East Europe to develop new markets, stimulate financial transactions and leverage additional funds/resources in the region.
More specifically, the project aims:
We’re welcoming national and local level government and institutional stakeholders:
FMDV leads this project in collaboration with Climate Bonds Initiative
Jean-François Habeau is the Executive Director of FMDV. He is based in FMDV headquarters in Paris and has an extensive 12 years expertise in local finance and investment, PPPs, climate finance and a strong experience of working with public entities and financial and technical partners.