An article from Climate Bonds
Posted on 21. Apr, 2011 by Sean Kidney in blog
Climate Bonds Initiative Chair Sean Kidney announced in London today that the Carbon Disclosure Project is joining the Climate Bond Standards Board, supervising a program to provide investors and governments with an easy way to assess the integrity of environmental claims for green bonds.
Mr Kidney said: “According to the International Energy Authority we need at least a trillion dollars a year to be flowing into low-carbon industries if we’re to avert catastrophic climate change. That money will come largely from bond markets. We need to ensure it’s invested properly.”
The Carbon Disclosure Project is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. It acts on behalf of 551 institutional investors, holding US$71 trillion in assets under management.