The emergence of green bonds as an integral component of climate finance in South Africa

Abstract

AUTHORS: Nomhle Ngwenya1 Mulala D. Simatele1,2 AFFILIATIONS: 1Department of Geography, Archaeology and Environmental Studies, University of the Witwatersrand, Johannesburg, South Africa 2Global Change Institute, University of the Witwatersrand, Johannesburg, South Africa CORRESPONDENCE TO: Nomhle Ngwenya EMAIL: nomhlengwenya@yahoo.com HOW TO CITE: Ngwenya N, Simatele MD. The emergence of green bonds as an integral component of climate finance in South Africa. S Afr J Sci. 2020;116(1/2), Art. #6522, 3 pages. https://doi.org/10.17159/ sajs.2020/6522 ARTICLE INCLUDES: ☐ Peer review ☐ Supplementary material KEYWORDS: climate mitigation, climate investment, climate finance mechanism PUBLISHED: 29 January 2020 © 2020. The Author(s). Published under a Creative Commons Attribution Licence. The emergence of green bonds as an integral component of climate finance in South Africa One of the greatest challenges facing the global community is climate change.1 Over many years, global leaders have embarked on various platforms in a concerted effort to combat climate change.2 One of the key platforms has been the annual Conference of the Parties (COP) – a regular meeting in which climate negotiations and high-level political discussions have taken place.2 In 2015, the 21st COP was the most important because 195 countries agreed to ensure that rising global temperatures do not exceed the safe zone of 1.5 °C, as it is forecasted that temperatures will continue beyond this value between 2030 …

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