The Climate Bonds Initiative and consortium partners Ceres, World Resources Institute, CDP and the Alliance for Global Water Adaptation have released for public comment, the world’s first standard for low carbon and climate resilient water bonds. The proposed Water Climate Bond Standard will bring a focus on vulnerability assessment and climate mitigation and adaptation planning to the fixed income space. It will allow investors to easily prioritise projects that are seriously considering their climate impacts and climate resilience.
The Ministry of Education and Science in Kenya recently launched the national roll out of Teachers TryScience. This is hugely significant for Kenya where they note that "The future prosperity of Kenya depends on young people choosing STEM related subjects." Currently only 2% of students study STEM subjects at tertiary level.
TD Securities is joint-lead underwriter of a C$500-million five-year Climate Awareness Bond (CAB) issued by the European Investment Bank (EIB). Launched on October 26, this marks the first green bond issuance from an international organization in the Canadian market, and the second Canadian dollar green bond on which TD has acted as a joint lead.