The Climate Bonds Initiative has now secured funding for a project to develop an international standards and certification scheme for Climate Bonds.
One of the issues the Climate Bonds Initiative has canvassed in the past has been the need for standards around the labeling of "green" debt.
The aim of the certification project is to develop a means to give assurance for investors and NGOs about whether funds are being invested in credible manner. This will support liquidity, so that investors can buy and sell climate bonds knowing that if they stick to certified bonds they can be assured different bonds will have the same level of environmentally credibility.