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This executive summary from the Climate Bonds Initiative outlines a comprehensive framework of 101 sustainable finance policies designed to align global capital flows with the 1.5°C warming limit. It argues that while the costs of climate action are high, the costs of inaction are higher, citing increased capital costs for vulnerable nations and credit downgrades for fossil-fuel-dependent sovereigns. The proposed framework is built on three pillars: providing clarity on green investments via taxonomies, tilting investment toward green opportunities through de-risking and carbon pricing, and building green investment pipelines for resilient development.

This report by the Climate Bonds Initiative (CBI), funded by UK PACT, examines the development, unification, and implementation of green taxonomies globally. It focuses on the methodologies used to define green economic activities, compares the frameworks of the European Union and China, and discusses the 'Common Ground Taxonomy' designed to improve interoperability between these two major markets to facilitate cross-border green capital flows.

The FAST-Infra Sustainable Infrastructure Label (SI Label) is a voluntary, globally applicable framework designed to identify infrastructure projects with significant positive sustainability performance. It aims to transform sustainable infrastructure into a mainstream, liquid asset class by providing a standardized set of requirements for developers and operators to demonstrate positive impacts and attract investors.

The Climate Bonds Initiative's Green Bonds Global State of the Market 2019 report analyzes the growth and trends of the global green bond market in 2019. It highlights a record issuance of USD 258.9 billion, the expansion of the market into new countries, the dominance of non-financial corporates as the top issuer type, and the increasing role of Certified Climate Bonds and external reviews in ensuring alignment with climate goals.

This document is an annex containing comparative tables that analyze the alignment and ambition levels between the Colombian Green Taxonomy and the EU Taxonomy across various economic activities in the energy, construction, waste, transport, ICT, manufacturing, and forestry sectors.