[MCR2030-UNDRR-CBI] Around the world case studies on Sub-National labelled bond issurances for cities
Time: 09:00 London | 10:00 Geneva | 11:00 Cairo | 12:00 Nairobi | 16:00 Bangkok | 17:00 Beijing | 18:00 Incheon
Duration: 2 hours
Climate Bonds Initiative (CBI) has joined the programme Making Cities Resilient 2030 (MCR2030), a 10-year long initiative to strengthen the resilience of cities around the world.
Join us for the 'Around the world case studies on Sub-National labelled bond issuances for Cities', our second and last webinar of this series, designed to showcase key examples of thematic-labelled bonds issuances by sub-national entities to address both climate-resilience and infrastructure investments gaps. Hosted and presented by Abraham Pedroza, Climate Bonds Initiative's Lead Trainer, we will analyse different experiences from governmental bodies when issuing green, social and/or sustainability debt instruments in various jurisdictions worldwide and we will hear the experience of guest speakers.
Cities account for 75% of global carbon emissions, hosting over 56% of the global population, which is expected to rise 68% by 2050. Emerging markets and developing countries' cities are particularly susceptible to the negative impacts of climate change, directly affecting basic infrastructure and services. To address these challenges, cities must transition to low-carbon, climate-resilient infrastructure. An estimated USD 65 trillion will need to be spent over the next 15 years in sustainable urban sectors such as transport, buildings, ICT, water and waste.
New thematic labelled debt instruments have risen to support addressing these issues, and despite the difficulties, some cities may have for direct capital raising, either challenged by creditworthiness or policies, there is high investor appetite and scope for growing the green city bond market, see our latest report. There is a range of organisations offering assistance in every step of the journey, there are new instruments and innovative solutions for the development of sustainable finance for the Cities.
- Climate Bonds Initiative (CBI)
- UNDRR Global Education and Training Institute (GETI)
- Making Cities Resilient 2030 (MCR2030)
About the Climate Bonds Initiative (CBI)
The Climate Bonds Initiative (CBI) role is in outreach to inform and stimulate the market, working closely with core stakeholders through market and policy research, offering a partnership program with governments, investors and issuers offering support through capacity-building and other activities. CBI's work involves:
- supporting governments and corporates to develop sustainable finance strategies and plans aligning policy with industry innovation and institutional finance towards the transition to low carbon and climate-resilient economy
- providing market data and intelligence and market development analysis
- supplying assurance mechanisms for investors raising the integrity and credibility on the new debt instruments that support climate change
For the last decade, CBI has been a world’s leading organization working to mobilize the largest capital market of all, the USD100 trillion global bond market, for climate change solutions.
UNDRR GETI was established in 2010 to develop a new cadre of professionals in disaster risk reduction and climate change adaptation to build disaster resilient societies.
GETI has a global mandate to provide capacity building support to mainstream disaster risk reduction and climate change adaptation into sustainable development; convene and support inter-city learning to strengthen resilience (Making Cities Resilient); and to provide capacity building and best practice sharing support to national training institutions working on resilience issues.
Based in Incheon, the Republic of Korea, UNDRR GETI is also the global secretariat of the Making Cities Resilient 2030 (MCR2030).
About the Making Cities Resilient 2030 (MCR2030)
Making Cities Resilient 2030 (MCR2030) is a unique cross-stakeholder initiative for improving local resilience through advocacy, sharing knowledge and experiences, establishing mutually reinforcing city-to-city learning networks, injecting technical expertise, connecting multiple layers of government and building partnerships.
Through delivering a clear 3-stage roadmap to urban resilience, providing tools, access to knowledge and monitoring and reporting tools, MCR2030 will support cities on their journey to reduce risk and build resilience.
MCR2030 aims to ensure cities become inclusive, safe, resilient and sustainable by 2030, contributing directly to the achievement of Sustainable Development Goal 11 (SDG11) “Make cities and human settlements inclusive, safe, resilient and sustainable”, and other global frameworks including the Sendai Framework for Disaster Risk Reduction, the Paris Agreement and the New Urban Agenda. Visit mcr2030.undrr.org for more information.
For more information
- MCR2030 Global Secretariat at firstname.lastname@example.org