Discussion Paper: Certification of Short-Term Debt

Green finance has typically been the realm of the global bond, loans, and other long-term markets, amassing almost $2trillion in volume to date. However, to direct larger capital flows towards climate solutions, investors must be able to easily identify all types of green finance instruments. The estimated USD55trillion value of global short-term debt markets offers an enormous pool of capital, on top of the global bond market, in which green finance can expand. 

The Certification of Short-Term Debt Paper verifies the applicability of green labelling and Climate Bonds Certification in short-term debt markets that are estimated to be worth USD55trillion globally. It was produced by Climate Bonds – a not-for-profit organisation influential in the rise of the green bond market - with help from a Steering Group of Industry Experts.