Climate Bonds Resilience Taxonomy

The Climate Bonds Resilience Taxonomy (CBRT) is a classification framework for climate resilience investments, designed to accelerate finance allocation toward adaptation. It organizes investments by seven themes, sectors, and subsectors, requiring that they respond to specific physical climate hazards. To qualify, investments must make a 'substantial contribution to climate resilience', manage maladaptation risks, and 'do no significant harm (DNSH)' to climate change mitigation. The CBRT distinguishes between 'adapted' and 'enabling' investments, and between 'activities' and 'measures', applying different assessment levels—ranging from automatic eligibility to complex process-based assessments—depending on the investment type.

• The CBRT classifies climate resilience investments across seven broad themes: Resilient Agrifood Systems, Resilient Cities & Settlements, Resilient Health, Resilient Industry & Commerce, Resilient Infrastructure, Resilient Natural Systems, and Resilient Social Systems.
• For an investment to be included in the taxonomy, it must address the consequences of at least one of nine defined physical climate hazards: heat stress, cold stress, water stress, flood damage, storm damage, mass movement damage, wildfire damage, changes to marine conditions, or multi-hazard scenarios.
• The framework distinguishes between 'adapted' investments, which incorporate features to reduce physical climate risks to the investment itself, and 'enabling' investments, which support the resilience of other assets, activities, or entities.
• To be aligned with the CBRT, an investment must meet three primary requirements: it must provide a 'substantial contribution to climate resilience' (measurable reduction in vulnerability), manage potential maladaptation risks, and 'do no significant harm (DNSH)' to climate change mitigation by avoiding significant increases in GHG emissions.
• The CBRT employs three levels of assessment for substantial contribution and maladaptation: automatic eligibility for certain adapting measures, simplified 'technical specification checks' for others, and process-based assessments for all adapted activities, enabling measures, and enabling activities.
• Eligible costs vary by investment type: for adapting measures and enabling measures, only the cost of the specific intervention or measure is eligible; for adapted activities, only the cost of adaptation measures within the activity is eligible; and for enabling activities, the entire cost (capital and operating expenditure) is eligible.

APA

Climate Bonds Initiative (n.d.). Climate Bonds Resilience Taxonomy. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Guide.pdf

Chicago

Climate Bonds Initiative. Climate Bonds Resilience Taxonomy. n.d. https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Guide.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Climate Bonds Resilience Taxonomy |url=https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Guide.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendclimate, author = {{Climate Bonds Initiative}}, title = {{Climate Bonds Resilience Taxonomy}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/Climate-Bonds-Resilience-Taxonomy-Guide.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }