fbpx

Green Bonds for Cities

Welcome to the Green Bonds for Cities e-learning course

Cities play a vital role in addressing climate change. However, they can find it challenging to access the capital necessary to help meet this goal.

Where there is challenge, there is opportunity! Green bonds offer cities and municipalities access to low-cost capital to finance ‘green’ projects (such as low-carbon, climate-resilient and/or sustainability-oriented infrastructure projects). The green bonds market has experienced exponential growth since it began in 2008, with issuances of green bonds typically oversubscribed by investors.

Are Green Bonds For You?

Ready to find out more? Select the 'Launch'’ button.

If cities are to play their part in addressing climate change, it is vital they are able to access the necessary funds to finance low-carbon, climate-resilient and/or sustainability-oriented projects. This course explains how green bonds can meet this need by offering access to low-cost capital that can be directly linked to a city’s investment in 'going green'.

The aims of the course are to help cities:

  1. Understand the opportunity offered by green bonds;
  2. Identify different strategies to access the green bond market;
  3. Assess their potential to tap the green bond market;
  4. Select eligible green projects and think about project pipelines;
  5. Navigate the issuance process from project identification to bond issuance and reporting.

This online course was developed in close collaboration with Climate-KIC (learning design, development, and hosting), The South Pole Group (subject matter expertise and content) and the Climate Bonds Initiative (subject matter expertise and content). For more information on Green Bonds for Cities please visit the homepage of South Pole and Climate Bonds Initiative.

For more information on this course or on the Low Carbon City Lab Training Hub, please contact Skylar Bee (local@climate-kic.org).

This course is aimed at city officials with finance/environment department roles, and city project developers who need to understand the finance sources available for city programmes/projects. It is also suitable for city-owned enterprise representatives (e.g. utility/transport) that are involved with innovative city programmes and projects.

This learning is also applicable to:

  • Investors/credit buyers and funding organisations, donors and development agencies;
  • Policy makers;
  • NGOs;
  • Students with an interest in financing green development.

This course does not lead to a qualification or certification.

This course is divided into two modules:

  • Module 1: Foundation Level (free module)
  • Module 2: Practitioner Level.

Module 1 consists of four key learning nuggets, each of which will take you from 20 to 40 minutes to complete. This includes time to explore the links and resources provided in the nuggets and to complete optional learning activities. There is also a five minute 'micro nugget' that explains what a bond is, for those who are not already experienced with this financial instrument.

You are free to view the learning nuggets in module 1 in any order and they will be available to you for as long as you wish.

Module 2 consists of three key learning nuggets, each of which takes 20 to 40 minutes to complete. You also gain access to the Green Bonds for Cities Assessment Tool. Module 2 requires a subscription.

In addition to the course, you will be joining the Green Bonds for Cities learning community, with whom you can discuss topics and ideas.

Once you have completed this course, you can return at any time during your subscription period to revisit any of the learning material or community discussions.

Course benefits

Module 1: Foundation Level

This free module gives you the ‘must know’ facts about the green bonds market. It explains what green bonds are, their benefits, and what projects can be funded by issuing them. It also features case studies of both developed and emerging cities that have successfully issued green bonds, along with an overview of the key steps involved.

*** Free module ***

Module 2: Practitioner Level

Are you a city looking to issue a green bond? This module gives cities the practical information and guidance they need to issue a green bond. It provides important information for each step of the issuance process, including choosing an issuance strategy, selecting ‘green’ projects, arranging for independent reviews, and monitoring and reporting after a bond is issued.
This module gives access to the Green Bonds for Cities Assessment Tool, an interactive support tool that cities can use as they prepare to issue a bond.
This online module was developed in close collaboration with Climate-KIC, The South Pole Group and the Climate Bonds Initiative. For more information on Green Bonds for Cities please visit the homepage of South Poleand Climate Bonds Initiative.For more information on the Low Carbon City Lab Training Hub, please contact:local@climate-kic.org
Learning Outcomes:
After completing this course, you'll be able to:
  • Explain what green bonds are and what they offer to cities seeking finance for green projects.
  • List typical features of a ‘green’ project and present some of the different standards used to define these projects.
  • Explain how the green bond market works, including who can issue green bonds and what investors are looking for.
  • Describe key issuers and investors in the green bond market.
  • Give examples of cities that have successfully issued green bonds and the lessons they learned.
  • Outline the key steps involved in issuing a green bond, from choosing green projects and an issuing strategy, to arranging independent review, and monitoring and reporting after a bond is issued.
  • Explain how the Green Bonds for Cities Assessment Tool can help cities to issue a green bond.

Discussions

No Entries available yet

This is an online educational resource. The aim? To provide access to quality, interactive learning materials that offer an introduction to green bonds. It’s a flexible resource, so you can view as much or as little of the learning content as meets your needs. Oh, did we mention it also works great on tablets and smartphones?

At the heart of this learning resource are eight, short ‘learning nuggets’ (or modules). Each one offers the practical, ‘must know’ information to support cities and municipalities in gaining access to the green bond market. Each learning nugget links out to other valuable internet resources, if you wish to find out more.

The short answer is ANYONE! If you are interested in green bonds and contributing to the fight against climate change, then this resource will have something for you. Part 2 of the course offers access to the Green Bonds for Cities Assessment Tool, which provides interactive support to cities wishing to issue green bonds. Part 2 also offers additional guidance and information on each step of the issuance process for cities getting ready to issue green bonds.

At the present time, the course is available only in English.

You can learn more about the content of the course by contacting any of the following individuals:

This is an introductory-level learning resource. No prior knowledge is assumed and we’ve tried to keep everything as clear and straightforward as possible. If you are over the age of 16, you should have no problems!

We hope this learning resource will give you the knowledge, skills and confidence to take action. We hope you’ll also become an active part of our learning community and make your contribution felt. Whatever your goal, this course has something for you.

This online module was developed in close collaboration with Climate-KIC, the South Pole Group and the Climate Bonds Initiative.

Climate-KIC is the EU’s largest public-private partnership addressing climate change through innovation to build a zero-carbon economy. We address climate change across four priority themes: urban transitions, land use, production systems, and decision metrics and finance. Climate-KIC is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union.

The Green Bonds for Cities Assessment Tool is an interactive Excel sheet that offers support for each of the steps involved in issuing a green bond. It was developed by the South Pole Group, Climate Bonds Initiative, Climate-KIC, ICLEI and CPI.

To start this course, all you need is to sign up to be registered on this site and to access the Green Bonds for Cities course.

We expect that a minimum 1mbs internet connection is needed to go through the course content. For external resources such as videos, a higher speed might be needed (2mbs and above). The course links to various external resources from different platforms such as YouTube and Vimeo. Climate-KIC bears no responsibility if there are country restrictions that block video or other content in your location.

  • In the Community, your active contribution is appreciated and encouraged. Start by setting up your profile and allowing others to get a clearer picture of who you are.
  • You can then engage in open discussions, reply to questions or contribute to a task that has been set up. You can also initiate a new thread yourself.
  • Use the "Introduce yourself to the community" forum to introduce yourself to others and find out what people are talking about.

To start a new thread, you simply select Start a new discussion on the Discussions page. Then you chose the category your topic fits into and give your post a title. In the Your message field, you can describe what you want to talk about with your fellow learners.

Learning Outcomes:
After completing this course, you'll be able to:
  • Explain what green bonds are and what they offer to cities seeking finance for green projects.
  • List typical features of a ‘green’ project and present some of the different standards used to define these projects.
  • Explain how the green bond market works, including who can issue green bonds and what investors are looking for.
  • Describe key issuers and investors in the green bond market.
  • Give examples of cities that have successfully issued green bonds and the lessons they learned.
  • Outline the key steps involved in issuing a green bond, from choosing green projects and an issuing strategy, to arranging independent review, and monitoring and reporting after a bond is issued.
  • Explain how the Green Bonds for Cities Assessment Tool can help cities to issue a green bond.

My name is Bond, Green BondMy name is Bond, Green Bond

Not Viewed
This ‘micro nugget’ offers a simple and engaging explanation of what bonds are and how organisations can use them to raise capital.
APPROX. TIME : 10 MIN

Why green bonds?Why green bonds?

Not Viewed
In this learning nugget, you will discover what green bonds are, their benefits and the typical features of a ‘green’ project. It also explains how the green bonds market works.

Key playersKey players

Not Viewed
Here you will learn about key issuers and investors in the green bond market and the benefits gained by both groups. There are also examples of cities that have issued green bonds.

Case studiesCase studies

Not Viewed
This learning nugget presents case studies of two cities that have successfully issued green bonds: Mexico City and the City of Gothenburg.

How to accessHow to access

Not Viewed
This learning nugget presents an overview of the key steps involved in issuing a green bond, including choosing an issuing strategy, selecting green projects and arranging independent reviews, monitoring and reporting.

Next stepsNext steps

Not Viewed
Here you can find out actions you can take after completing the GBC Foundation Level.

PreparationPreparation

Not Viewed
This learning nugget outlines some different types of green bond issuance and the factors cities must consider when deciding on an issuing strategy. It also explains how a city can select suitable green projects and veri...More

IssuanceIssuance

Not Viewed
Here you learn about the importance of transparency when issuing a green bond and the different ways a green bond can be reported on. You will also discover key metrics cities use to report on their green projects.

Assessment ToolAssessment Tool

Not Viewed
Here you will learn how the Green Bonds for Cities Assessment Tool can help cities issue their own green bonds and get detailed guidance on how to use the tool.

Next stepsNext steps

Not Viewed
Here you will see what you can do once you have completed the course.
Learning Outcomes:
After completing this course, you'll be able to:
  • Explain what green bonds are and what they offer to cities seeking finance for green projects.
  • List typical features of a ‘green’ project and present some of the different standards used to define these projects.
  • Explain how the green bond market works, including who can issue green bonds and what investors are looking for.
  • Describe key issuers and investors in the green bond market.
  • Give examples of cities that have successfully issued green bonds and the lessons they learned.
  • Outline the key steps involved in issuing a green bond, from choosing green projects and an issuing strategy, to arranging independent review, and monitoring and reporting after a bond is issued.
  • Explain how the Green Bonds for Cities Assessment Tool can help cities to issue a green bond.

Discussions

No Entries available yet