Climate Bonds – Resilience, Taxonomy, Methodology, 2024

The 2024 Climate Bonds Resilience Taxonomy report presents a comprehensive classification system for climate adaptation and resilience investments. This taxonomy, developed by the Climate Bonds Initiative (CBI), aims to accelerate global investment into resilience projects by establishing clear eligibility criteria and science-based standards. It defines two key categories: “adapted investments,” which enhance the resilience of specific activities, and “enabling investments,” which support other projects in achieving climate resilience. This framework is instrumental in guiding investors and public sector entities on financing impactful climate adaptation measures. Additionally, the report highlights the crucial role of sustainable debt markets in bridging the current financing gap for resilience, estimated at $194–366 billion annually, as underscored by UNEP. With robust screening criteria, the taxonomy also aims to prevent greenwashing in resilience finance, fostering credibility and transparency in this emerging sector.