BEST PRACTICE FOR ISSUING GREEN BONDS

The document describes the Climate Bonds Standard and Certification Scheme, a voluntary labelling system designed to align investments with the 1.5°C goal of the Paris Climate Agreement. It provides a detailed three-step process for issuing Certified Solar Bonds: pre-issuance (identifying eligible proceeds and creating a framework), issuance (verification and market engagement), and post-issuance (reporting and annual updates). In Brazil, where renewable energy is the largest 'Use of Proceeds' category, the guide highlights the potential for solar bonds, noting that eight of 18 local deals through August 2022 were Certified under Solar Energy Criteria. Eligibility for solar certification requires that facilities generate a minimum of 85% of their electricity from solar sources, with fossil-fuel backup limited to 15%.

• The Climate Bonds Standard and Certification Scheme is a voluntary labelling system for entities, investments, and debt instruments intended to align with the Paris Climate Agreement's goal of limiting global warming to 1.5 degrees celsius. As of January 2023, the scheme has been applied to hundreds of instruments totaling USD 260 billion equivalent.
• In the Brazilian green bond market, renewable energy represents the largest 'Use of Proceeds' (UoP) category. Between the start of the market and August 2022, eight out of 18 deals were Certified under the Climate Bonds Solar Energy Criteria.

APA

Climate Bonds Initiative (n.d.). BEST PRACTICE FOR ISSUING GREEN BONDS. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Solar%20Brochure_27%20March%202023_EN.pdf

Chicago

Climate Bonds Initiative. BEST PRACTICE FOR ISSUING GREEN BONDS. n.d. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Solar%20Brochure_27%20March%202023_EN.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=BEST PRACTICE FOR ISSUING GREEN BONDS |url=https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Solar%20Brochure_27%20March%202023_EN.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendbest, author = {{Climate Bonds Initiative}}, title = {{BEST PRACTICE FOR ISSUING GREEN BONDS}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Solar%20Brochure_27%20March%202023_EN.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }