New Water Infrastructure Standards Change the Bar for Sustainable Investments in Water-Based Infrastructure
Healthy ecosystems like forests, wetlands, and farms are nature’s water infrastructure. They are essential for buffering against floods and the provision of clean, ample water around the world – feeding growth in agriculture, industry, and cities. ~Todd Gartner
The Water Consortium, a global group of climate finance and sustainability organizations, has formally launched the new Water Infrastructure Criteria of the Climate Bonds Standard marking a major turning point in best practice for sustainable investment in water-based infrastructure and green/grey hybrid systems.
The Climate Bonds Initiative’s (CBI) new Water Infrastructure Standard enables water projects—including projects that utilize natural infrastructure—to be certified as green bonds. This provides an avenue for hybrid and natural infrastructure projects to attract the financing they need to address growing water challenges. The standard also allows cities to communicate with corporations and investors interested in green growth. This new standard enables ecosystems to be protected, managed and restored to generate water outcomes using certified green bonds – making these climate-smart solutions ripe for the investments they direly need.
Todd Gartner, Senior Associate; Manager, Natural Infrastructure For Water of World Resource Institute and John Matthews, Lead Expert, Water Infrastructure Technical (AFOLU) Working Group, Climate Bond Initiative, recently co-authored a blog explaining what Green Bonds means for Natural Infrastructure and why this is a good thing.
Press release – Global Launch of New Climate-Based Water Resilience Criteria
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