Decarbonisation & Green Bonds

September, 9, 2024

Record breaking temperatures and unprecedented weather events have been all over the news since late. But there is good news as well, the work done in the past 15 years on decarbonisation has made an impact on the current consensus amongst climate scientists is that we have managed to reduce the likely warming by 1°C.

Most countries now have active climate policies, especially the larger nations that are responsible for emissions reduction. But the catastrophic weather events are not over and it seems like becoming the new norm. We have a lot more work to do to curb emissions & save the planet earth from future climate catastrophes. Not everyone can afford to rebuild their damages due to extreme weather events.  Recent IMF work shows when a storm, drought, or flood hits, fragile countries suffer more than other countries. And not to forget that rich countries also have bad economic losses when extreme weather events occur. Having climate resilience plans has become vital.

Climate Bonds Initiative is an international organisation working to mobilise global capital for climate action. And they achieve this through the development of the Climate Bonds Standard and Certification Scheme, Policy Engagement and Market Intelligence work. Furthermore, they empower their Partner organisations with the tools and knowledge needed to navigate, influence, and instigate change. They have programmes in India, China, Japan, Southeast Asia & around the world.

Recently Watson Michael, CEO of Ceylon Institute Of English & Leadership and Sean Kidney, CEO & Co-Founder of Climate Bonds Initiative (CBI) & discussed via a podcast about the climate related challenges we are facing, record breaking temperatures, CBI’s recent work in Brazil, how a green bond works, brief explanation about "TRANSITION IN ACTION: Agri-Food" an insightful document about agriculture, forestry, & other land use. Sean has been central to the growth of what is now above the $2 trillion global green bond market. He has served as CEO since setting up the organisation in 2009. Furthermore, he is a Professor in Practice at SOAS University of London, Member of the Finance Industry Advice Board at the International Energy Agency, Sustainable Investment Advisory Council for UNCTAD, UK Government’s green gilt advisory committee, Finance Advisory Board for Global Alliance for a Sustainable Planet, French government’s Green Sovereign Bond Evaluation Council, European Advisory Board of the SMARTER Finance for Families (energy efficiency) initiative, Board of the UNDP-GEF Climate Aggregation Platform, member of other boards, and an expert advisor to governments around the world.

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