Climate Bonds is pleased to launch an exciting new market intelligence tool. The Interactive Data Platform offers users a comprehensive breakdown of data across the three sustainable debt themes: Green, Social and Sustainability.
The world has watched farmers protest on the outskirts of New Delhi, since November, standing against India’s new farm legislation rushed through Parliament months earlier.
Protesting farmers are concerned these reforms represent an effort by government to scale back its role in food markets and throw them into the jaws of corporations. At the heart of these protests is the issue of high level of risks associated with farming in India as farmers are subject to low and volatile incomes.
The Climate Bonds Water Criteria have been updated to include robust, ambitious and market-leading requirements for Desalination Plants.
Certification is now available against the Climate Bond Standard.
Central banks are mandated to maintain financial stability, an objective which can increasingly be used to drive green financing and illuminate the role of central banks beyond disclosure.
Here’s why:
In a year characterised by uncertainty in all walks of life, green bond issuance rebounded in the second half of 2020 to reach a record-breaking USD269.5bn by the end of December, just above Climate Bonds 2019 final total of USD266.5bn (2018: USD171.4bn).
While the scale of future adaptation needs will depend on the success of current mitigation efforts, there exists a huge investment gap to address the climate impacts that are already locked-in. Despite international recognition that both mitigation and adaptation efforts are essential, adaptation funding remains a far smaller portion of total climate finance.
Climate action a priority for GSS issuers
I'm sitting on the beach at Bondi, enjoying the sand underfoot, unable to return home to the UK.
It's been a pretty tough year for most of the world.
We've learnt some sharp lessons, including:
It's been a bitter time. Listening to scientists has saved untold lives - and saved economies, from Australia to South Korea. Not listening has had the opposite result.
There have been some bright lights:
Whilst governments’ focus in 2020 has rightly been on COVID19, the year also saw a significant ramping up on the fight against climate change, hitting the $1Trillion milestone in cumulative green bond investment early this December. But the most welcome elephant in the room, (or perhaps goodbye GOP elephant, welcome Dem donkey) is the upcoming Biden presidency.
