With the countdown on to the Paris climate change conference, there is clear evidence of growing momentum to put a price on carbon. The growth of carbon pricing around the world has been substantial. Since January 2012, the number of carbon pricing instruments already implemented or scheduled for implementation has almost doubled, jumping from 20 to 38. Moreover, the share of emissions covered by carbon pricing has increased threefold over the last decade.
The World Bank Green Bonds raise funds from fixed income investors to support World Bank lending for eligible projects that seek to mitigate climate change or help affected people adapt to it.