Climate Bonds can fund the rapid transition to a low-carbon economy

The concept of financing sustainable change through 'Climate Bonds' is very exciting - one of the breakthroughs we need for a rapid transition to a low-carbon economy. Here is an exerpt from the recently-released summary of this important initiative -

Kevin

________________________________________

"... A fresh initiative

The Climate Bonds Initiative is an international network which promotes the development and use of Climate Bonds. These bonds provide for large scale issuance of long-term debt to overcome medium term investment barriers to achieving economies of scale in low-carbon industry sectors. The bonds can thus finance that global transition at speed and at scale.

The Initiative is:
Developing proposals for a financial architecture that will support the rapid application of debt funding for climate
change mitigation and adaptation. Bringing the three key actors to the table – industry, investors and governments – to develop the basis of a tripartite agreement under the Climate Bonds concept.

Demonstrating how to engineer investibility through scaled-up mitigation and adaptation pilot schemes in both developed and developing countries.

The Climate Bonds Initiative started as a project of the Network for Sustainable Financial Markets (NSFM), an international network of finance sector professionals, academics and others dedicated to improving financial market integrity and efficiency. www.sustainablefinancialmarkets.net

It now operates as a joint project of NSFM and the Carbon Disclosure Project (CDP), an independent not-for-profit organisation that collects and distributes high quality corporate climate change information for integration into business and policy decision-making. See www.cdproject.net