The Water Consortium, a global group of climate finance and sustainability organisations, has formally launched the new Water Infrastructure Criteria of the Climate Bonds Standard marking a major turning point in best practice for sustainable investment in water-based infrastructure and green/grey hybrid systems.
The final development phase extends the Criteria’s reach to cover nature-based and hybrid water infrastructure, such as wetlands and watersheds, that may be used for purposes of water collection, storage, treatment and distribution, flood protection and drought resilience.