Green bonds have become a significant tool for financing projects aimed at ensuring clean water (SDG 6). Here are some examples:
- Cape Town, South Africa: Cape Town issued a ZAR 1 billion green bond to fund water management projects aligned with local priorities. This initiative supports the creation of a more resilient water system, contributing to sustainable water management within the city.
- Tanga, Tanzania: The Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA) issued a TZS 53.12 billion green revenue bond. This historic bond is the first subnational water green bond in Tanzania and East Africa, aiming to improve water supply and sanitation services for the city and nearby areas. It also funds environmental conservation activities around the Zigi River.
- Cleveland, USA: The city of Cleveland has used green bonds to fund stormwater management projects, including stream channel restoration and the construction of catch basins. These projects enhance the city’s water infrastructure and contribute to sustainable water management.
- Saint Paul, Minnesota, USA: Saint Paul issued a $7.7 million green bond to improve its sewer system and enhance clean water and sustainable water management practices. The focus is on enhancing the city’s water quality through infrastructure improvements.
- Massachusetts Water Resources Authority: This authority issued a $682 million green bond to fund wastewater and waterworks projects. The projects include constructing sewer systems and improving drinking water quality facilities, all of which support sustainable water management and contribute to clean water availability.
These examples highlight how green bonds are instrumental in financing projects that improve water infrastructure, enhance water quality, and support sustainable water management globally.
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