CLIMATE BONDS AND GLOBAL LINKS KEY TO SUSTAINABLE NATION IRELAND SUCCESS
The success of Sustainable Nation Ireland in positioning Ireland as a world leader in sustainable finance and innovation is the result of carefully nurtured partnerships and key global alliances.
As Ireland’s platform for mobilising €250 billion of transactions towards the domestic and international low carbon economy by 2021, underpinned by responsible and sustainable investment principles, international understanding of Ireland’s value proposition is key.
To reach our milestone, the continuation of best-in-class partnerships, sharing insights, collaboration and becoming members of key international initiatives will be key to our success.
In February, we were privileged to have the opportunity of briefing invited partners and guests on the role and aims of SNI – at an Irish Embassy dinner in London, hosted by the Irish Ambassador to the UK, Dan Mulhall. In attendance were representatives from the UN Principles of Responsible Investment; Europe’s Climate-KIC; CDP; Responsible Investor; Environmental Finance; and Bloomberg New Energy Finance.
Our international ambassador Pat Cox outlined the many exciting developments in Ireland across the sustainability spectrum and the range of international partnerships we are developing to guide us in meeting our objectives.
These partnerships reflect Sustainable Nation Ireland’s focus, namely enterprise; resource efficiency; responsible & sustainable investment; climate finance; skills; and emerging market opportunities.
For this article we focus in our ‘green’ bonds and our developing partnership with the international Climate Bonds Initiative (CBI), announced in early January.
An international, investor-focused not-for-profit CBI is the only organisation in the world focusing on mobilizing the $100 trillion bond market for climate change solutions.
Since 2007, the global green bonds market has seen rapid growth with over $40billion of bonds and other financial instruments issued in 2015 alone.
The objective of the partnership is to enable Sustainable Nation Ireland access CBI’s global knowledge and network base while we explore ways to utilise the proceeds of green bonds in support of the Irish enterprise sector.
Commenting on the partnership, Sean Kidney, CEO CBI said: “With a strong working relationship in Ireland between the private sector and government, Ireland is perfectly positioned to demonstrate to the world how to make green finance serve the agenda of the transition to a low-carbon economy.
“Dedicated teams like the Sustainable Nation as part of a Government strategy are surprisingly rare. Every country needs a Sustainable Nation if we are to meet our global ambitions.”