Green Bond Readiness Framework for Sovereign and Municipal Issuers and 2019 Strategy high on Agenda
London: 07/03/19 10:00 GMT: The Global Green Bond Partnership (GGBP) will convene at the Climate Bonds Annual Conference in London for its first formal sessions since its September 2018 launch at the Global Climate Action Summit (GCAS) in San Francisco. The 2019-2020 development program will be the key agenda item.
The GGBP will also host a Special Roundtable for participants at the Climate Bonds conference focused on advancing subnational and corporate green finance and opportunities in emerging economies for green bonds to support investment in sustainable development and climate resilient infrastructure.
“Enhanced cooperation among key development finance institutions and partners is essential to accelerate the issuance of green bonds and the deployment of finance for low carbon, climate resilient infrastructure and assets in key markets. The Global Green Bond Partnership is developing its 2019 engagement strategy and building coalitions and partnerships to meet members’ shared objectives,” said Alexia Kelly, Secretariat of the Global Green Bond Partnership and Co-Chair of the Finance Working Group LEDS Global Partnership.
The GGBP was launched to support efforts of sub-national entities such as cities, states and regions, corporations, private companies and financial institutes to accelerate green bond issuance.
The Partnership helps to scale green bond issuance through targeted technical assistance, capacity building, de-risking, investing, and underwriting support, as well as assisting the development of innovative funds and other financial vehicles to mobilise investor capital.
In addition, GGBP members will seek to engage with and provide technical assistance to Signatories of the Green Bond Pledge to assist the development process around inaugural green issuance.
Founding members include:
- World Bank
- IFC - a member of the World Bank Group,
- Amundi
- European Investment Bank (EIB)
- Climate Bonds Initiative
- Ceres
- ICLEI – Local Governments for Sustainability
- Global Covenant of Mayors for Climate & Energy (GCoM)
- United Nations Development Programme (UNDP)
- Low Emissions Development Strategies Global Partnership (LEDS GP)
The partners are also working together with support from the German Government’s Mobilising Private Investment project on the development of a Green Bonds Readiness Framework and Toolkit for potential issuers that will enable them to assess their readiness to issue green bonds by identifying barriers to issuance and streamlining coordination across and among technical assistance and capacity building organisations and efforts. 2
Panellists in the Roundtable will include:
- Michael Paparian, Climate Bonds California representative and Green Bond Pledge lead,
- Alexia Kelly, Global Green Bond Partnership Secretariat/Co-Chair Finance Working Group, LEDS Global Partnership
- Jean Marie Masse, Chief Investment Officer, IFC/Financial Institutions Group
- Daniel Farchy, Senior Equity Investment Officer, European Investment Bank
- Stephen Hammer, Advisor, Global Partnerships and Strategy, Climate Change, World Bank Group
- Tim Schafer, Deputy State Treasurer at California State Treasurer’s Office
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Contact: Andrew Whiley Head of Communications & Media Climate Bonds Initiative Email: andrew.whiley@climatebonds.net M: +44 (0) 7506 270943 |
Notes to Journalists:
About Climate Bonds Initiative: An international, investor-focused not-for-profit working solely on mobilising the bond market for climate change solutions. For more information, please visit www.climatebonds.net.
Global Green Bond Partnership: For more information please visit our new website or contact Alexia Kelly at alexia@electric.capital. For media enquiries please contact andrew.whiley@climatebonds.net
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