Climate bond
Climate bonds are fixed-income financial instruments (bonds) linked in some way to climate change solutions. Climate bonds, also known as green bonds, are a relatively new asset class.
Climate bonds are issued in order to raise finance for climate change solutions - climate change mitigation or adaptation related projects or programs. These might be greenhouse gas emission reduction projects ranging from clean energy to energy efficiency, or climate change adaptation projects ranging from building Nile delta flood defences or helping the Great Barrier Reef adapt to warming waters.