101 sustainable finance policies for 1.5°C’ now open for public consultation
London, 19/10/2022: The Climate Bonds Initiative has released the summary of the coming ‘101 sustainable finance policies for 1.5°C’ programme, and calls for input on the accompanying public consultation period. This comprehensive sustainable finance policy guide outlines how policymakers can channel and accelerate public and private investment to deliver sustainable development, limit global warming to 1.5°C and ensure climate change resilience. It outlines the breadth of policy opportunities available, demonstrating that governments can take immediate action to enable transition and decarbonise their economies.
Underpinned in the Climate Bonds manifesto on ‘accelerating policy’ we will be expanding on our Policy advocacy and engagement to step-up efforts and move rapidly to see at least USD5tn a year of annual issuance from 2025.
Sean Kidney, CEO of Climate Bonds Initiative: “Market forces alone are unlikely to meet the scale of change at the required speed. Policymakers must step up and deliver the change they have committed to in their nations pledges to fight climate collapse, particularly as COP27 approaches.”
“The power of sustainable finance can be harnessed as a key policy outlet for climate action. This work will offer a comprehensive catalogue of policy options, all that’s left for policymakers to do is act.”
How it works
The 101 policies fulfil three key functions to grow sustainable finance flows:
1. Provide clarity on what is a green and resilient investment
2. Tilt investments towards green opportunities
3. Build green and resilient investment pipelines
From the draft package of 101 policies, the summary highlights key policies that will accelerate the green transition and facilitate the finance flows to deliver on climate action and sustainable development.
For example, under pillar 2, key policies include scaling up green guarantees to de-risk investment; requiring reporting of company transition plans; and carbon market reform to reserve credits for residual emissions.
We also demonstrate how a wide range of policymakers have a role to play. Financing the net-zero transition requires action from finance ministries, central banks, regulators and development finance institutions. It also requires sector-specific policymaking, tackling the particular decarbonisation challenges of each sector.
Following this summary will be a full report, exploring all 101 policies. This next step will provide policymakers with a valuable catalogue on which to base their sustainable finance policy frameworks.
Climate Bonds will be assisting policymakers with application of the 101 approach through our technical assistance advisory.
The 101 sustainable finance policies for 1.5°C is open for consultation, until 30 November 2022.
You can offer feedback here.
For more information:
Senior Communications & Digital Manager
Climate Bonds Initiative (London)
+44 (0)7593 320 198
Communications and Media Officer
Notes for Journalists:
About the Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment for climate action. Climate Bonds undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis, and administers an international Standard & Certification Scheme for best practice in green bonds issuance. More information on our website here.
Disclaimer: The information contained in this communication does not constitute investment advice in any form and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation or debt instrument or investment product is for information purposes only. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.
The Climate Bonds Initiative is not endorsing, recommending or advising on the financial merits or otherwise of any debt instrument or investment product and no information within this communication should be taken as such, nor should any information in this communication be relied upon in making any investment decision.
Certification under the Climate Bond Standard only reflects the climate attributes of the use of proceeds of a designated debt instrument. It does not reflect the credit worthiness of the designated debt instrument, nor its compliance with national or international laws.
A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind, for any investment an individual or organisation makes, nor for any investment made by third parties on behalf of an individual or organisation, based in whole or in part on any information contained within this, or any other Climate Bonds Initiative public communication.