Authors
Padraig Oliver
As of November 2016, 271 cities in developing countries had committed to developing climate mitigation and adaptation plans. They currently have limited access to the capital necessary to implement these plans. Less than 20% of developing countries cities have access to local capital markets, through for example issuing bonds to investors, and only 4% are deemed creditworthy enough to access international capital markets. This report offers a strategic guide for cities in developing countries to access green bond market flows, a potential source of finance for cities in developing countries looking to secure investment in low-carbon, climate-resilient infrastructure to meet the water, energy, housing and transportation needs of their expanding urban populations.