Teaming up for low-carbon finance: WBCSD and the Climate Bonds Initiative (CBI) join forces on green bonds
The Climate Bonds Initiative (CBI) and the World Business Council for Sustainable Development (WBCSD) today announced a new partnership designed to drive the development of low-carbon finance that can help address sustainability and climate challenges. The organizations have signed a Memorandum of Understanding (MoU) agreeing to work together on the development of the corporate green bond market. Green bonds are used to fund projects with a positive environmental or climate benefit, however the corporate green bond market is still relatively small. In 2015, corporates issued USD 13.6 billion compared to overall green bond issuance during the year of approximately USD 41.8 billion. ….