Global Water Forum Article | "Financing sustainable growth through climate bonds"
06/01/20 Filed in: Article
Representatives of AGWA and WRI have written an article published by Global Water Forum on "Financing sustainable growth through climate bonds
." In this short essay, the authors demonstrate the integral role of finance as a tool for addressing climate change — including specific messages for the water management community. The essay highlights the work being led by Climate Bonds Initiative to standardize green and climate bonds for adaptation, mitigation, and resilience. A specific set of criteria for evaluating water infrastructure projects, which includes resilient nature-based solutions, has been growing in use. So far, more than 8 billion USD for climate-resilient water infrastructure from private sector investors, across six continents, over the past three years.
"As an issue for foreign policy, regional water security, and economic development, water cannot be separated from strategic decisions about infrastructure. Infrastructure finance thus becomes a tool for ensuring the credibility of strategic goals. In practice, achieving sustainable and resilient water management under climate change requires bridging the longstanding gaps between international policy, aid strategy, finance, and the technical water community in novel and systematic ways…"Read the full essay at http://www.globalwaterforum.org/2019/12/23/financing-sustainable-growth-through-climate-bonds/