Water Infrastructure Criteria under the Climate Bonds Standard: Background Paper

Modern economies are already deeply water intensive: freshwater resources are essential for meeting water supply and sanitation needs, for most types of energy production, for agriculture, for terrestrial, aquatic, and near-shore marine ecosystems, and for industrial and manufacturing needs. However...

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Bibliographic Details
Published in:Policy File 2018
Main Author: Gartner, Todd
Format: Report
Language:English
Subjects:
Banking/Finance
Environment
Infrastructure
Water
World Resources Institute
Online Access:Request full text
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Summary:Modern economies are already deeply water intensive: freshwater resources are essential for meeting water supply and sanitation needs, for most types of energy production, for agriculture, for terrestrial, aquatic, and near-shore marine ecosystems, and for industrial and manufacturing needs. However, water and water infrastructure will play an even more fundamental role in resilient, low carbon economies. Many investors and decision makers view water strictly as a "sector" ---water transport, treatment, and storage. However, water is also an enabling natural resource that spans many sectors. Water is an economic and ecological "connector" for a wide range of sectors. Statistics that highlight "water" in the bonds market are largely tracking traditional water sector projects, while water-intensive investments are found across a wide range of other categories. The Climate Bonds Standard and Certification Scheme is a tool to address greenwashing. It allows investors and intermediaries to easily assess the claims for the climate value of bonds, and to identify and invest in credible climate compatible assets/projects. Certification promotes transparency and effective communication.The Climate Bonds Initiative convenes scientists, engineers, investors and other specialists in expert committees to develop clear, evidence-and research-based scientific criteria on what is 'climate-compatible'.