Climate Bonds Initiative
- August 20, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
No Comments
Climate Bonds Initiative
Subject: Environment
Section: international Organization
Context: Climate Bonds Initiative is an international organisation working to mobilise global capital for climate action.
- It achieve this through the development of the Climate Bonds Standard and Certification Scheme, Policy Engagement and Market Intelligence work.
- It empower our Partner organisations with the tools and knowledge needed to navigate, influence and instigate change.
- Climate Bonds Initiative is an investor-focused not-for-profit.
Climate Bonds Taxonomy
- The Climate Bonds Taxonomy is a guide to climate aligned assets and projects. It is a tool for issuers, investors, governments and municipalities to help them understand what the key investments are that will deliver a low carbon economy.
- The Taxonomy is grounded in the latest climate science and has been developed through an extensive multistakeholder approach, leveraging the work of our Technical and Industry Working Groups.
- The Taxonomy aims to encourage and be an important resource for common green definitions across global markets, in a way that supports the growth of a cohesive thematic bond market that delivers a low carbon economy.
- Climate Bonds has been a major contributor to the development of the EU Sustainable Finance Taxonomy.
- The Climate Bonds Taxonomy identifies the assets, activities and projects needed to deliver a low carbon economy consistent with the goals of the Paris Agreement. It has been developed based on the latest climate science including research from the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA), and has benefited from the input of hundreds of technical experts from around the world.