Pioneering Latin America's sustainable finance
As part of global efforts to curtail global warming, more than 20 states in Latin America have committed to climate pledges which entail significant cuts to emissions. In order to reach these goals, the region needs a huge amount of investment to decarbonise sectors such as energy and transport. To raise the necessary funds, an increasing number of states are turning to sustainable finance, which will constitute a key part of a climate-resilient future.
Latin America has become a global protagonist in the field, which has seen significant growth in recent years. Several Latin American countries have emerged as key innovators in sustainable finance through the development of Green, Social, Sustainability, and Sustainability-Linked Bonds (GSSSBs). These instruments are becoming an increasingly important part of global debt markets as nations look to fulfil their climate pledges under the Paris Agreement, as well as achieving the rest of the United Nations (UN) Sustainable Development Goals (SDGs). At the same time, GSSSBs allow climate-concerned investors to take environmental, social, and governance (ESG) considerations into account when making decisions about where to put their money.
Sections include...
- Sustainable bonds so far
- Chile: A trailblazer in sustainable finance
- Future prospects for GSSSBs
- Carbon pricing initiatives so far
- Brazil: huge untapped potential
- Future prospects for CPIs
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