> For the complete documentation index, see [llms.txt](https://wiki.oikos-international.org/sustainable-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.oikos-international.org/sustainable-finance/interviews/lessons/green-bonds-and-climate-financing.md). # Green Bonds and Climate Financing Fixed income is a way to change humanity's outcome. ### 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="" %} ### 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** ![](https://823113299-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MifNfxt8QM_rrrKIbB5%2Fuploads%2FmQGt3kuGinaU3W7AkEMh%2FScreen%20Shot%202022-08-12%20at%206.02.00%20PM.png?alt=media\&token=27556958-b511-4d50-8a76-981905aca96c) **Sustainable Bond Factors** ![](https://823113299-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MifNfxt8QM_rrrKIbB5%2Fuploads%2Fn6YBti0SgGo0kOtJdTuq%2FScreen%20Shot%202022-08-12%20at%206.03.37%20PM.png?alt=media\&token=d0f2f651-4abb-44fb-a57a-0b82af9e1cc2) #### **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="" %}