Summary of FAQs

The document outlines a seven-step process for issuing green bonds for climate resilience, covering eligibility criteria, project identification, framework development, verification, and reporting. It emphasizes the importance of aligning with international standards to ensure investor credibility and provides guidance on distinguishing between system-level resilience investments and the adaptation of specific assets.

• Issuers have the discretion to set their own eligibility criteria, but aligning with internationally recognized guidelines is essential for credibility because many investors lack the technical expertise for extensive due diligence. Available criteria include the Climate Bonds Standard and Certification Scheme, the Climate Bonds Climate Resilience Principles, Green Bond Principles (GBPs), the EU Sustainability Taxonomy, the MDB Joint Methodology for Tracking Climate Change Adaptation Finance, and the People’s Bank of China’s (PBOC) Green Bond Catalogue.
• Climate resilience investments are categorized into two types: those whose primary purpose is to provide resilience benefits to a broader system, and those aimed at adapting a specific asset or activity to climate change. For the former, the entire cost of the activity is eligible; for the latter, only the specific costs of adaptation are eligible, excluding the cost of the asset itself.
• To identify qualifying assets, issuers must use robust climate projections and modelling to justify that investments reduce climate risks over the asset's operating life. For investments benefiting broader communities or systems, issuers must also quantify the expected adaptation benefits. Due to the technical expertise required, most issuers will likely need external support for these assessments.
• Issuers can address a lack of sufficient resilience-specific projects by bundling individual small-scale projects through aggregation mechanisms or by including other assets that meet mitigation goals, as resilience bonds do not require 100% adaptation and resilience (A&R) assets.
• Post-issuance reporting for resilience bonds is critical due to the evolving nature of climate hazards and uncertainties in projections. Best practice involves ongoing monitoring of climate risks and benefits, following guidance such as the Climate Resilience Principles (CRPs) and ICMA's Suggested Impact Reporting Metrics for Climate Change Adaptation Projects.

APA

Climate Bonds Initiative (n.d.). Summary of FAQs. https://www.climatebonds.net/files/drupal-files/files/Summary%20of%20FAQs_Green%20Bonds%20for%20Climate%20Resilience.pdf

Chicago

Climate Bonds Initiative. Summary of FAQs. n.d. https://www.climatebonds.net/files/drupal-files/files/Summary%20of%20FAQs_Green%20Bonds%20for%20Climate%20Resilience.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Summary of FAQs |url=https://www.climatebonds.net/files/drupal-files/files/Summary%20of%20FAQs_Green%20Bonds%20for%20Climate%20Resilience.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendsummary, author = {{Climate Bonds Initiative}}, title = {{Summary of FAQs}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/Summary%20of%20FAQs_Green%20Bonds%20for%20Climate%20Resilience.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }