Green bonds are growing in popularity reflecting a broader shift toward innovative water infrastructure finance. As green bonds become more mainstream, the industry is seeing standards for mitigation, adaptation, and transparency.

On 22 May 2018, the Water Consortium– a coalition of international green finance and sustainability organizations– released Phase 2 of its Water Infrastructure Criteria for green bond screening and certification. The criteria identify water assets and projects that are eligible for certification under the London-based Climate Bonds Initiative’s Climate Bonds Standard.

In this Research Note, Bluefield water experts analyze the impact of these new green bond standards on future water infrastructure investment.