Kenya Green Building Society signs an MOU with Climate Bonds Initiative to stimulate take up of green buildings

Monday 28th May 2018

 

Earlier this year, the Kenya Green Building Society (KGBS) and the Climate Bonds Initiative (CBI) signed a memorandum of understanding (MoU) in Nairobi aiming to stimulate the take up of green-certified low carbon buildings. As demand for green financial products and climate risk disclosure grows, KGBS will work with Climate Bonds Initiative to help government and private sector actors take advantage by incorporating green debt into their investment processes and mitigating climate risks connected to their assets.

The MoU is the first of its kind and sees Kenya embarking on its green bond development program through a sovereign debut bond. With single name issuers emerging in the market, the rapid pace of growth in the built environment is ripe for climate resilient investments.  

Climate Bonds Initiative is an investor-focused not-for- profit organization that promotes investment in projects and assets necessary for a rapid transition to a low-carbon and climate resilient economy. Their strategy is to develop a large and liquid Green and Climate Bonds Market that will help drive down the cost of capital for climate projects in developed and emerging markets; to grow aggregation mechanisms for fragmented sectors; and to support governments seeking to tap debt capital markets.

To find out more about KGBS, visit kenyagreenbuildingsociety.co.ke

To find out more about Climate Bonds Initiative, visit www.climatebonds.net

 

Earlier this year, the Kenya Green Building Society (KGBS) and the Climate Bonds Initiative (CBI) signed a memorandum of understanding (MoU) in Nairobi aiming to stimulate the take up of green-certified low carbon buildings. As demand for green financial products and climate risk disclosure grows, KGBS will work with Climate Bonds Initiative to help government and private sector actors take advantage by incorporating green debt into their investment processes and mitigating climate risks connected to their assets.

The MoU is the first of its kind and sees Kenya embarking on its green bond development program through a sovereign debut bond. With single name issuers emerging in the market, the rapid pace of growth in the built environment is ripe for climate resilient investments.  

Climate Bonds Initiative is an investor-focused not-for- profit organization that promotes investment in projects and assets necessary for a rapid transition to a low-carbon and climate resilient economy. Their strategy is to develop a large and liquid Green and Climate Bonds Market that will help drive down the cost of capital for climate projects in developed and emerging markets; to grow aggregation mechanisms for fragmented sectors; and to support governments seeking to tap debt capital markets.

To find out more about KGBS, visit kenyagreenbuildingsociety.co.ke

To find out more about Climate Bonds Initiative, visit www.climatebonds.net