Browsing: green bonds in africa

The train is among the most efficient and least polluting modes of transportation, according to the International Energy Agency (IEA). Trains account for only 0.3 per cent of total global emissions, whereas aviation accounts for 2 per cent.

Even though transportation accounts for a significant portion of green bond issuances worldwide (twenty per cent of all green bonds issued worldwide), this sector is still grossly underrepresented in total distributions in Africa (less than one per cent).

This project is an example of how addressing infrastructure difficulties and providing a friendly solution to the environment may be accomplished through utilising a capital market instrument known as a Green Bond.

This initiative is one of the avenues FSD Africa is considering to bring about the change and demonstrate to other prospective issuers and investors the practicability of the green bond labelling procedure.…

Five years ago, 197 governments promised to limit the impacts of climate change. Today, we are still very far from realizing that promise, as climate change impacts continue unabated. No continent has more to lose from this inaction than Africa, from worsening health outcomes, the destruction of natural resources, landscapes, and biodiversity, to significant economic losses at the macro and micro levels. This is further compounded by weak policies and regulatory frameworks not suited to support nationally determined contributions (NDCs) to reduce CO2 emissions and adapt to climate change, as well as limited funding available to implement critical programs and projects. 

Green finance has become more mainstream in recent years, with the emergence of the global green bond market that could be worth $2.36 trillion by 2023. However, only $2 billion worth of green bonds had been issued in Africa by Q4 of 2019, representing 17 issuances. Risk mitigation …