# Green Bonds and Climate Financing

### Key information

In November 2008, the World Bank became the first institution to issue a green bond.

* Green bonds typically have the same structure, credit risk, yield, and rewards as traditional bonds.
* Their differentiation comes from “greenness” or being environmentally friendly.
* Although that is not particularly well regulated, the investment in itself is structured just like any other fixed-income security.
* There are also social, blue bonds, etc.

### Our favourite video

{% embed url="<https://www.youtube.com/watch?ab_channel=AsianDevelopmentBank&v=_wPnciVnRwo>" %}

### If you want more

#### Characteristics of Bonds:

It is useful to learn more about traditional and sustainable bond factors to better understand how we finance projects using bonds. Source: Schoenmaker and Schramade, 2019.

**Traditional Bond Factors**

![](/files/mVewEEN4kBo2JHQne0rH)

**Sustainable Bond Factors**

![](/files/fb0km84lkIZqmXUQRT12)

#### **Sustainability Assessment Methods:**

There are many valuation methods useful in analyzing and financing sustainability. Below are just a few of the methods possible and some useful research papers to help you learn more.

{% embed url="<https://drive.google.com/drive/folders/1szV8TU_x8IKYhHXBOB0EklLPLpqbBAwO?usp=sharing>" %}


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