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 is a special project of:
- The Carbon Disclosure Project, an independent not-for-profit organisation that collects and distributes high quality corporate climate change information for integration into business and policy decision-making, and
- The Network for Sustainable Financial Markets, an international network of finance sector professionals, academics and others dedicated to improving financial market integrity and efficiency.
Pro bono legal advisors: Shearman Sterling LLP