Incorporando resiliencia a las finanzas climáticas (Estándar de Bonos Climáticos v4.3)

 Incorporando resiliencia a las finanzas climáticas (Estándar de Bonos Climáticos v4.3)

(Building resilience into climate finance: What’s new in the Climate Bonds Standard v4.3)

The world is already feeling the heat of climate change. Building climate resilience is no longer optional; it is essential. From rising sea levels to prolonged droughts, the impacts of a warming planet are already here. The latest update to the Climate Bonds Standard and Certification Scheme reflects this urgency.  Version 4.3 of the Climate Bonds Standard introduces a significant enhancement: the new Criteria for Certification against the Climate Bonds Resilience Taxonomy (CBRT). The ‘Resilience Criteria’ expands the scope of what can be Certified and how.   Resilience, now embedded in the Standard  Until now, Certification under the Climate Bonds Standard has focused largely on climate mitigation, ensuring that debt instruments and assets align with science-based decarbonisation pathways. With the introduction of the Resilience Criteria, the Standard now incorporates a progressive methodology to assess whether projects, assets, or activities are also climate resilient.  This means that Certified investments can now demonstrate alignment with Climate Bonds Criteria by substantially contributing either to mitigation and/or to adaptation and resilience objectives, offering investors a more comprehensive view of climate ambition.  What are the Resilience Criteria?  Developed in conjunction with the Climate Bonds Resilience Taxonomy and related Methodology, the Resilience Criteria provides a process-based approach to evaluating how well a project or asset is designed to withstand, adapt to, and thrive amid future climate impacts.