Climate Bonds

The Climate Bonds Initiative

The Climate Bonds Initiative, a project of the Network for Sustainable Financial Markets, is a global civil society network created to serve as a catalyst for the rapid emergence of Climate Bonds.

In order to implement the solutions identified above in a timely manner, the Initiative is:

• Developing models and a financial architecture for Climate Bonds designed to deliver accelerated low carbon industry development while creating returns for investors and no-cost, low-carbon inward investment for governments. International working groups are developing detailed proposals for urban mitigation, country decarbonisation and a global standards architecture for definitions of Climate Bonds.
• 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 largescale mitigation and adaptation pilot schemes in both developed and developing countries. The Climate Bonds Initiative will be releasing a collection of policy proposals at Copenhagen COP15 in December 2009. It is also actively involved in developing financing for decarbonisation schemes in three countries and in a major UK city. These projects are intended as pilots for larger programs in developing and developed nations.

Practical work includes:

• Promote climate bonds related policy proposals at suitable venues, such as Copenhagen’s COP15 conference in December 2009.
• Convene an international working group on legal standards for climate bonds.
• Undertaking a short series of policy research modules, each culminating in a high-level policy seminar.
• Negotiating demonstration projects.