Financial Aggregation Blueprints for Urban Climate Infrastructure

The document details the processes, financial mechanics, and outcomes of municipal green bonds in Mexico City and Reykjavík, and a sustainability bond by Manila Water. It highlights the importance of international standards, second-party opinions, and government guarantees in successfully attracting capital for climate-resilient urban infrastructure.

• Mexico City issued a MXN 1 billion (USD 50 million) municipal green bond in 2016, the first of its kind in Latin America, focusing on sustainable transport, water and wastewater management, and energy efficiency.
• Mexico City's 2016 green bond resulted in an annual reduction of 45,364 tCO2e from mobility projects and 3,823 tCO2e from LED lighting, while benefiting 656,730 people through water network upgrades.
• Reykjavík issued its first municipal green bond in December 2018 for ISK 4.1 billion (USD 33 million), which was the first green bond issued in ISK and listed on the Nasdaq Reykjavík stock exchange.
• Green bond investments in Reykjavík before 2022 led to a total avoidance of 45,034 tCO2e, with the largest contributions coming from walking and cycling paths (38,830 tCO2e) and waste management (2,436.4 tCO2e).
• Manila Water issued a USD 500 million sustainability bond in July 2020, which was oversubscribed nearly four times, attracting USD 1.96 billion in orders from 85 institutional investors.
• Manila Water's sustainability bond achieved an additional water supply capacity of 100 million liters per day and diverted 394 tons of biochemical oxygen demand from rivers.

APA

Climate Policy Initiative (2023). Financial Aggregation Blueprints for Urban Climate Infrastructure. https://www.climatepolicyinitiative.org/wp-content/uploads/2023/06/Annex-2-Municipal-Green-Bonds-Blueprints.pdf

Chicago

Climate Policy Initiative. Financial Aggregation Blueprints for Urban Climate Infrastructure. 2023. https://www.climatepolicyinitiative.org/wp-content/uploads/2023/06/Annex-2-Municipal-Green-Bonds-Blueprints.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Financial Aggregation Blueprints for Urban Climate Infrastructure |date=May 2023 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2023/06/Annex-2-Municipal-Green-Bonds-Blueprints.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2023financial, author = {{Climate Policy Initiative}}, title = {{Financial Aggregation Blueprints for Urban Climate Infrastructure}}, institution = {Climate Policy Initiative}, year = {2023}, month = may, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2023/06/Annex-2-Municipal-Green-Bonds-Blueprints.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }