BEST PRACTICE FOR ISSUING GREEN BONDS

This guide by the Climate Bonds Initiative outlines the best practices for issuing green bonds, with a specific focus on the solar energy sector in Brazil. It details the Climate Bonds Standard and Certification Scheme, providing a step-by-step process for issuers to achieve certification, eligibility criteria for solar projects, and reporting requirements to ensure alignment with the goal of limiting global warming to 1.5 degrees Celsius.

• The Climate Bonds Standard and Certification Scheme is a voluntary labelling system for entities, investments, and debt instruments designed 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 is the primary Use of Proceeds (UoP) category. Out of 18 deals in the local market through August 2022, eight were certified under the Climate Bonds Solar Energy Criteria.
• To be eligible for certification under the Solar Criteria, facilities must generate a minimum of 85% of their electricity from solar, meaning fossil-fuel backup is limited to 15%. Eligible assets include onshore electricity generation, solar thermal facilities, solar heat/cool and power cogeneration, dedicated onshore transmission infrastructure, and production facilities for key components like inverters and solar panels.
• The certification process for Solar Bonds consists of three main steps: Pre-Issuance (identifying eligible proceeds, creating a green bond framework, and engaging a verifier), Issuance (obtaining the verification report, engaging investors, and listing on platforms like Nasdaq or IADB), and Post-Issuance (submitting a verification report within 12-24 months and providing annual update reports).

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} }