The Green Bonds for Cities project by the Climate-KIC flagship programme Low Carbon City Lab (LoCaL), aims to support cities in emerging and developing countries access the green bond market to finance their urban infrastructure needs.
Globally, green bonds are increasingly recognised as a valuable tool to access low-cost capital to finance low-carbon and climate resilient infrastructure. Issuances are met with high demand from investors. However, to date only 1.7% of total green bonds issued have been destined to green urban infrastructure in cities in emerging and developing economies.
Green Bond Strategy Guidelines, Green Bond Toolkits and Training Sessions will support city administrators, chiefs of utilities and heads of transport authorities in cities in the South Globe to access debt capital markets. In particular, the project focuses on capacity building around capital markets and green bonds, support in developing a pipeline of viable projects and possible credit enhancement solutions for issuers.
The project is led by South Pole in collaboration with Climate Policy Initiative, Climate Bonds Initiative and ICLEI – Local Governments for Sustainability.
Please view a copy of the factsheet that has been published here.
Green Bonds for Cities is a project under the Climate-KIC flagship programme Low Carbon City Lab (LoCaL). For further details, please have a look a the Green Bonds for Cities project page.