OECD: Three years on from the commitments made at COP21 in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate. With emissions on the rise again, OECD governments need to get serious about shifting their economies to a low-carbon model and stop investing in carbon-intensive infrastructure.
For the first time, the authors of the report have included Sustainable Development Goals (SDGs), which can be directly supported by green investments: SDG 6, 7, 9, 11, 13 and 15. However, climate mitigation measures, adaptation and the development of climate-resilient infrastructure and buildings underpin the achievement of all 17 SDGs.
The Climate Bonds Initiative is an international investor-focused not-for profit organisation working to mobilize the USD100tn bond market for climate change solutions. The mission focus is to help drive down the cost of capital for large-scale climate and infrastructure projects and to support governments seeking increased capital markets investment to meet climate goals.
The first part of this report presents the findings of Climate Bonds Initiative’s research of climate-aligned issuers, conducted between April and June 2018. It identifies issuers who generate at least 75% of their revenues from ‘green’ business: low carbon transport, clean energy, sustainable water and wastewater management, low carbon buildings and built environment, sustainable forestry and agriculture, as well as waste management and recycling.The second part of the report looks at the diversity of bond structures used in the green bond market. Features on different bond and securitisation types provide commentary on issuers and future prospects.
