Category Archives: Climate Finance

Launch: Paris Climate Bond concept launched at UNFCCC climate talks

Climate Mundial today launched the Paris Climate Bond concept at the In-Session Workshop at the UNFCCC climate talks in Bonn: Exploring financing and use of the CDM by international climate finance institutions.

Click here for more details on the presentations.

Click here for more information on the Paris Climate Bond concept.

Report: The Status of Green Bonds and International Climate Finance

Green bonds have been growing in popularity, a trend that could be bolstered by the widespread attention given to Pope Francis’s environment encyclical and the looming global climate talks in Paris. But what exactly is a green bond? Who determines for investors if something qualifies? And what role might the United Nations play in answering those questions? Daniel Rossetto, managing director of Climate Mundial, this week took a closer look at the state of green bonds for Bloomberg BNA’s International Environment Reporter publication. Download the article here: BNAgreenbonds

News: American Carbon Market Seen as Winner With China Accord

“A China-U.S. climate deal that involves the former committing to capping emissions is a breakthrough,” Daniel Rossetto, managing director of Climate Mundial Ltd. in London, which provides advice on emissions trading, said by e-mail. “Opponents to cap and trade in the U.S. have always been safe in quoting inaction by China as a reason for blocking cap and trade. If China follows through on today’s commitment, that pre-condition no longer holds.”

Click here to read the full article on Bloomberg.

Event: FIFA World Cup 2014 Football Without a Carbon Footprint

Climate Mundial’s Daniel Rossetto was a keynote speaker at today’s “Football Without a Carbon Footprint” workshop held at the Brazilian Embassy in London. At the event, Brazilian environment ministry director and member of the CDM Executive Board oultined the successful offsetting of more than half a million tonnes of CO2 emissions at the FIFA World Cup held in Brazil in June 2014. Click here to visit the Brazilian Embassy’s press release about the event.

Green Climate Fund Seen Demanding UN Carbon Credits (Bloomberg)

As the Board of the Green Climate Fund meets in Bali, Indonesia from 19-21 February, Climate Mundial draws attention to the possible design of the Fund’s Private Sector Facility, which will be of interest to participants in the CDM market.

On the CDM the paper states:

“Regardless of the fate of carbon credits as compliance instruments in a post-2020 world, the Clean Development Mechanism (CDM) has created a credible and transparent framework for results-based (pay-for-performance) financing of low cost mitigation activities, in poor rural and urban communities in developing countries. Using reverse auctions to establish required floor prices, the PSF could provide price guarantees on certified emission reductions (CERs) from CDM projects that supply clean efficient cook stoves, high-efficiency lighting, solar photovoltaic supply and solar energy appliances, small-scale biomethanation projects and the like, driving private capital into marketplaces and countries where the product and services are unaffordable and private capital is rarely deployed at scale. The PSF could retire the CERs to avoid double-counting by re-use of these CERs for compliance purposes.”

This item and others related to climate finance were the subject of an interview today by Climate Mundial managing director Daniel Rossetto with Bloomberg News. Contact us for further details about the interview.