The Climate Bonds Initiative (CBI) works to verify the green credentials of investments, by assessing the scope and intent of bonds for power projects against its own criteria for ‘green’ investment. The initiative defines green bonds as financial commitments into the renewables space, and provides accreditation for these arrangements, to improve the reputation of the companies involved in the bonds, and to help them attract greater interest from other clean energy investors.
“We’re essentially saying: ‘If you want to issue something green, we’ll support you, we’ll connect you to investors, we’re happy to do that, but we’re going to tell you what green should look like,’” says Eloy.
Real-world examples
The use of green bonds has no shortage of benefits for investors, not least the reputational benefits of being seen to be involved in the energy transition, and Eloy suggests that the role of the CBI has become…
