Climate Bonds releases new Climate Resilience Principles Framework for accelerating climate resilient investments in green bond market
LONDON, 19/09/2019:12:00 BST:
Today the Climate Bonds Initiative has released the Climate Resilience Principles (CRP)–a high-level guidance for governments, investors and banks to determine when projects and assets are compatible with a climate resilient economy.
Coordinated by a partnership between Climate Bonds Initiative, World Resources Institute (WRI) and Climate Resource Consulting (CRC), development of the Climate Resilience Principles was undertaken by an Adaptation and Resilience Expert Group (AREG),comprised of more than30 specialists from leading international authorities in the adaptation and resilience space,drawn from academia, not-for-profit, public and private sectors of climate science.
The CRP enhance standards across the global green finance market and provide a comprehensive, robust framework to evaluate the appropriateness and the effectiveness of climate resilience investments.
They include, but go beyond, a requirement for robust analysis of climate risks. They also require measures to be taken (in asset or project design, construction or adaptation) that ensure the asset or project is ‘fit for purpose’ in the face of a changingclimate.
Download the full report below