Climate Bonds Standard Adds Clarity to Green Bond Market

Published: 08 December 2011

6 pages

Executive Summary

This report provides Chief Sustainability Officers, Chief Investment Officers, Financial Directors and socially responsible investors with an independent analysis of the Climate Bonds Initiative and Climate Bonds Standard. The capital markets have a critical role to play in the delivery of climate change mitigation and adaptation projects, such as renewable energy projects or energy efficiency investments. Barclays estimates that $1.9 trillion of procurement capital could be securitized in ‘green bonds’ across Europe between 2011 and 2020. The Carbon Disclosure Project and the Network for Sustainable Financial Markets established The Climate Bonds Initiative in 2009 to help this capital identify investable projects. The Climate Bonds Standard was developed to deliver this goal. The Standard will communicate the climate change mitigation and adaptation attributes of various programmes and projects to a broad range of stakeholders.

TABLE OF CONTENTS

CLIMATE BONDS STANDARD ADDS CLARITY TO GREEN BOND MARKET
International Coalition Develops Climate Bonds Initiative
Robust Framework Determines The Standard’s Structure
The Standard Helps Identify Positive Climate Change Investment

ORGANIZATIONS MENTIONED

Alta Wind Energy Center, Asian Development Bank, Aviva Investors, Barclays, Californian State Teachers’ Retirement System, Calvert Investments, Carbon Disclosure Project, Ceres, Climate Bonds Initiative, Climate Change Capital, Daiwa Securities Group, DNV, ecotricity, Environmental Capital Group, European Bank for Reconstruction and Development, F&C Investments, Harvard University, HSBC, International Finance Corporation, Investor Group on Climate Change Australia, Kommunalbanken Norway, KPMG, Morgan Stanley, Natural Resources Defence Council, Network for Sustainable Financial Markets, Norton Rose, Oxford University, Standard & Poors, World Bank, WWF