Here’s how cities in developing countries can tap green bonds
eco-business.com | Published April 18, 2017
By David Hatch, Citiscope
The strategy is detailed in Green Bonds for Cities: A Strategic Guide for City-level Policymakers in Developing Countries, published by the Climate Policy Initiative.
The bulk of funds (94 per cent) that flow to emerging cities to finance environmentally friendly projects are in the form of green bonds issued by development finance institutions, the CPI researchers explain.
That includes the World Bank, Asian Development Bank, European Investment Bank, German development bank KfW and others.
Access to innovative funds for urban improvement projects can help cities with burgeoning populations meet demand for water, energy, housing and transportation needs.
Many city leaders already are working to finance projects through green bonds, which had a total value of around USD 44 billion in 2015. That figure was projected to rise to USD 75 billion by the end of last year, the report notes.