Green bonds are broadly defined as fixed-income securities that raise capital for a project with specific environmental benefits. Most green bonds issued to date have been climate bonds, where the proceeds go to climate mitigation or adaptation efforts. • Corporate, infrastructure and other projects have reduced access to traditional finance given the financial crisis’ effect on the global financial sector, so debt capital markets represent a key pool of assets that must be tapped in order to finance the transition to a low-carbon, resource-efficient and climate resilient economy. • Institutional investors are a natural market for higher rated green bonds, given their.
