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The proliferation of municipal green bonds in Africa and Latin America: the need for a climate justice approach

Author(s): ORCID
Medium: journal article
Language(s): English
Published in: Environment and Urbanization, , n. 1, v. 36
Page(s): 147-172
DOI: 10.1177/09562478241230290
Abstract:

This paper utilizes a climate justice perspective to examine municipal green bonds (MGBs), a green-labelled debt instrument issued by subnational governmental entities, such as municipalities or cities, that determines financial, social and environmental redistributions in the context of climate change. This analysis focuses on the origins and financial construction of MGBs as the “descendant” of US municipal bonds and provides data on their recent diffusion in Africa and Latin America. It then draws connections with the lessons learned from critical analyses of US municipal bonds. The case study section explores one wastewater MGB of San Francisco (California) and creates material and theoretical connections with MGBs issued to finance water infrastructure in Mexico City (Mexico) and Cape Town (South Africa). The article concludes that the analysis and implementation of municipal green bonds needs a climate justice approach in order to recognize and address the production and reproduction of climate injustices.

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Structurae cannot make the full text of this publication available at this time. The full text can be accessed through the publisher via the DOI: 10.1177/09562478241230290.
  • About this
    data sheet
  • Reference-ID
    10774942
  • Published on:
    29/04/2024
  • Last updated on:
    29/04/2024
 
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