GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES

This guide by the Climate Bonds Initiative provides a framework for issuing certified green bonds in the transport sector, with a specific focus on the Brazilian market. It outlines the Climate Bonds Standard, the certification process, and the technical eligibility criteria for various transport assets to ensure alignment with the goal of limiting global temperature rise to 1.5 degrees Celsius.

• The Climate Bonds Standard is a voluntary labeling scheme for debt instruments and entities designed to align investments with the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius. As of January 2023, the Certification Scheme has been applied to hundreds of instruments totaling 260 billion dollars in equivalents.
• In Brazil, the transport sector is currently the third most financed taxonomy category via green bonds, accounting for 10% of such financing. By December 2021, only four green-labeled emissions were exclusively allocated to the sector, while seven others had partial allocations.
• The certification process for transport bonds consists of three main stages: Pre-issuance (identifying eligible resources, creating a green bond framework, and engaging a verifier), Issuance (obtaining the verification report, engaging investors and media, and listing on platforms like Nasdaq or IADB), and Post-Issuance (submitting a verification report within 12-24 months and providing annual update reports).
• Eligible transport projects include zero-direct-emission urban rail vehicles, zero-direct-emission buses, dedicated low-carbon infrastructure (such as bike lanes and charging points), and zero-direct-emission heavy vehicles for freight. The criteria specifically exclude the transport of fossil fuels if it exceeds 25% of the load or rolling stock, and exclude vehicles powered exclusively by biofuels due to monitoring complexities.
• The standard sets specific universal emission limits for mitigation. For passenger transport, the limit is 50gCO2 per p-km until 2026, after which only zero-emission is permitted. For freight, the limits are 25gCO2 per t-km by 2030, 21gCO2 per t-km by 2050, and 18gCO2 per t-km after 2050.
• Rumo S.A. is cited as a case study for certified bonds focused on the modernization of the railway transport system. Eligible uses of resources in this case included the acquisition and modernization of freight rail vehicles, the duplication of rail lines, and the installation of new or extended tracks, with a universal emission limit of 25 gCO2 per t-km for transactions occurring in 2020.

APA

Climate Bonds Initiative (n.d.). GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Transport%20Brochure_20%20March%202023_PT.pdf

Chicago

Climate Bonds Initiative. GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES. n.d. https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Transport%20Brochure_20%20March%202023_PT.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES |url=https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Transport%20Brochure_20%20March%202023_PT.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendguia, author = {{Climate Bonds Initiative}}, title = {{GUIA DE MELHORES PRÁTICAS PARA EMITIR TÍTULOS VERDES}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Climate%20Bonds%20Transport%20Brochure_20%20March%202023_PT.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }