Green City Bonds: Finanzierung einer klimaschonenden städtischen Infrastruktur

This fact sheet by the Climate Bonds Initiative describes the use of Green City Bonds to finance climate-friendly urban infrastructure, highlighting market growth, specific regional examples such as Mexico City and the US, and various financing models for municipalities.

• The market for Green City Bonds issued by cities and municipalities grew from USD 4 billion in 2014 to USD 10.5 billion in 2016. The United States is the largest market, followed by Europe and emerging markets.
• In November 2016, Mexico City issued the first green municipal bond in Latin America, totaling MXP 2 billion (USD 50 million). The bond was 2.5 times oversubscribed, has a five-year term, and funds drinking water, wastewater treatment, energy-efficient public lighting, and urban transport.
• Green City Bond proceeds are used for both adaptation and mitigation measures. The primary areas of investment are sustainable water management (31%) and clean transport (29%), followed by energy efficiency/carbon-saving buildings (17%) and renewable energy (11%).
• Municipalities can access capital markets through various models if they lack sufficient credit ratings. Only 20% of cities have adequate creditworthiness for domestic markets, and only 4% for international markets. Alternative models include using related entities as issuers, obtaining credit enhancements from central governments or multilateral development banks, or utilizing public-private partnerships (PPP).
• Specific institutional models for green financing include the Nordic model of municipal banks, such as Sweden's Kommuninvest, which issued its first bond in March 2016 for USD 600 million. Another model is the land value capture used by Hong Kong's MTR, which issued a USD 600 million Green Bond in 2016 and funds rail development by selling or leasing land appreciated by the infrastructure.

APA

Climate Bonds Initiative (2017). Green City Bonds: Finanzierung einer klimaschonenden städtischen Infrastruktur. https://www.climatebonds.net/files/drupal-files/files/Green_City_Bonds_Deutsch.pdf

Chicago

Climate Bonds Initiative. Green City Bonds: Finanzierung einer klimaschonenden städtischen Infrastruktur. 2017. https://www.climatebonds.net/files/drupal-files/files/Green_City_Bonds_Deutsch.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green City Bonds: Finanzierung einer klimaschonenden städtischen Infrastruktur |date=February 2017 |url=https://www.climatebonds.net/files/drupal-files/files/Green_City_Bonds_Deutsch.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2017green, author = {{Climate Bonds Initiative}}, title = {{Green City Bonds: Finanzierung einer klimaschonenden städtischen Infrastruktur}}, institution = {Climate Bonds Initiative}, year = {2017}, month = feb, url = {https://www.climatebonds.net/files/drupal-files/files/Green_City_Bonds_Deutsch.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }