November / 24 / 2021
Cities account for 75% of global carbon emissions, hosting over 56% of the global population, which is expected to rise 68% by 2050. Emerging markets and developing countries’ cities are particularly susceptible to the negative impacts of climate change, directly affecting basic infrastructure and services. To address these challenges, cities must transition to low-carbon, climate-resilient infrastructure. An estimated USD 65 trillion will need to be spent over the next 15 years in sustainable urban sectors such as transport, buildings, ICT, water and waste.
New thematic labelled debt instruments have risen to support addressing these issues, and despite the difficulties, some cities may have for direct capital raising, either challenged by creditworthiness or policies, there is high investor appetite and scope for growing the green city bond market. There is a range of organisations offering assistance in every step of the journey, there are new instruments and innovative solutions for the development of sustainable finance for the Cities.
This webinar is designed to showcase key examples of thematic-labelled bonds issuances by sub-national entities to address both climate-resilience and infrastructure investments gaps.
This post is also available in: Spanish
|Organizer:||Climate Bonds Initiative, MCR2030, UNDRR|