Webinar date and time: September 24, 1pm EST By the US Green City Bonds Coalition.
Form the Climate Bonds Initiative, CDP, C40, Ceres, ICLEI, Natural Resources Defense Council, As You Sow.
Speakers:
Moderator: Doug Sims, Natural Resources Defense Council's Center for Market Innovation
Join the webinar to find out how the updated version of the Climate Bond Standard (v2.0) will make independent reviews of green bonds simpler and easier – and let us know if we can do even better. We’re in the last stretch of public consultation and we would really value your feedback!
The webinars are being co-hosted by major investors Aviva (UK), PGGM (Netherlands) and CalSTRS (USA) and the Association for Sustainable & Responsible Investment in Asia (ASrIA). They will share an investor perspective.
Four options – pick that one that best suits your time zone:
Geothermal power has the potential to make an enormous contribution to a rapid transition to a low-emissions economy. The University of Utah estimates that heat from global geothermal resources is equivalent to 42 million megawatts of power. To give you an idea on what that means in practice, one megawatt can meet the power needs of about 1,000 homes. So here we are talking about the potential of 42 million megawatts – million! – that’s millions of homes powered by geothermal. That’s the scale we need!
The Netherlands’ state-owned banking giant, ABN AMRO, with a balance sheet total of EUR 410 billion, announced today that it has become a Climate Bonds Partner.
The bank has sustainability anchored in its strategic priorities. It recently issued the largest Certified Climate Bond to date – EUR 500 million – with the proceeds allocated to loans towards low carbon residential mortgages, commercial real estate and solar panels.
Zurich: Over 60 people have showed up to the Credit Suisse Forum St. Peter this afternoon, for the pre-launch of the criteria for agriculture, forestry and other land use (AFOLU) under the Climate Bonds Standard. The criteria are now out for public consultation for 60 days – check out the full criteria (or have a peek at the executive summary).
Over the past year, a group of 16 leading academic and internationally recognised experts from the Agriculture, Forestry and Other Land Use (AFOLU) sectors have been meeting to draft a new set of eligibility criteria for the Climate Bonds Standard. What´s more - another 30 people representing large global investors, banks and industry have been providing feedback on the practicality of the drafts.
The International Institute for Sustainable Development (IISD), a leading NGO promoting human development and environmental sustainability, has today become a Climate Bonds Partner.
Executive Director, IISD-Europe, Mark Halle said:
A busy end-of-summer for the green bond market in Europe with issuance from development bank EIB, three Swedish corporate green bonds and a huge EUR1bn green bond for water from Dutch bank NWB. We are expecting this momentum to continue through September in the build up to the UN Climate Conference in Paris (UN COP21).
CORPORATE GREEN BONDS
As you may recollect, we published on 17 July the draft of version 2.0 of the Climate Bonds Standard. The updated text has three key improvements:
We've had a lot of great, positive and very useful feedback - thank you!
September is a busy month of green bond events around the world. Here are the ones we're speaking at. Come say hello if you're there or get in touch if you're interested in arranging a meeting while we're in your part of the world.
