Climate Bonds Blog
I hope you had a happy New Year.
In London, today is the first working Monday of the year; this is just a short note to welcome you to that year.
For me, 2023 was a little sobering. It became clear that climate change impacts have really started — fires, heat, floods, storms, and more. The mission we have is now to avert catastrophic climate change; and the IPCC has been very clear that the window to act is very tight.
But despite that reality, I’m actually full of hope for 2024.
For a start:
1. Capital is flowing to climate action in greater volume, at greater speed, than ever.
1. The just transition is an imperative, this is now the consensus.
Fuelling Change: Broadening the Scope of Hydrogen Criteria for the Green Energy Transition
In a significant development for the green investment landscape, the Climate Bonds Initiative is pleased to announce the expansion of its certification criteria from Hydrogen Production to encompass Hydrogen Delivery Infrastructure. This broadening aligns with the Paris Agreement's objectives and is in line with the EU Taxonomy, reinforcing our commitment to fostering sustainable investment in the hydrogen sector.
Middle East & Africa See Sustainable Finance Progress Ahead of COP28
There is reason for optimism in Middle East and Africa. Regional sustainable finance is growing quickly to spur positive development impact at both company and community levels. By the end of Q3 2023, the Climate Bonds Initiative (Climate Bonds) had recorded cumulative volume of USD4.2tn of green, social, sustainability, and sustainability linked (GSS+) debt in alignment with its screening methodologies (aligned), plus a further USD12.7bn in unscreened bonds bearing the transition label.