Mobilizing Private Climate Finance—Green Bonds and Beyond
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International Finance Corporation, Washington, DC
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The international market for green bonds
and securities that raise capital for specific climate or
environmental sustainability purposes has experienced
tremendous growth and could reach an annual market value of
over 100 billion US dollars this year. As part of this
growth, new market tools, skills, and capital have been
introduced into the green bond market to reduce greenhouse
gas emissions and more broadly address the problem of
climate change. The rapid growth of the international green
bond market is demonstrating how capital market mechanisms
can enlist private capital to address global climate change
and channel private sector funds to developed and emerging
economies. As the Paris Climate Agreement is implemented it
is critical to remember that the push to reduce emissions
and switch to clean energy sources will also necessarily
include the greening of the global financial system.
Palabras clave
GREEN BONDS, GREENHOUSE GAS EMISSIONS, CLIMATE CHANGE, PRIVATE INVESTMENT, ENVIRONMENTAL SUSTAINABILITY, PARIS AGREEMENT, CLIMATE BONDS, FORESTS BOND