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  • Climate Awareness Bonds

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  • Climate Awareness Bonds

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  • In 2007, the EIB issued the world’s first Green Bond, labelled a Climate Awareness Bond (CAB).

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  • Climate Awareness BondsCAB issuance

    In 2007, the EIB issued the world’s first Green Bond, labelled a Climate Awareness Bond (CAB).

    As at end December 2019, EIB remains a world leader issuer of Green Bonds with over EUR 26.7bn raised across 13 currencies, of which the EUR equivalent of 3.4bn raised in 2019. The EIB provides  the market with benchmark Green Bond issuances in EUR, USD and GBP, but has also issued CABs in SEK, CAD, ZAR, CHF, AUD, JPY, TRY, PLN, DKK and BRL (in synthetic format). EIB is increasing liquidity, size, and scale of Green Bond issuance, in addition to gradually building green reference yield curves. For more information, see our latest CAB Newsletter

    Eligible sectors

    The funds are earmarked to match disbursements to EIB lending projects contributing to climate action in the fields of renewable energy and energy efficiency sector:

    • in renewable energy this includes for example wind, hydro, solar and geothermal energy production projects; and
    • in energy efficiency this includes projects for district heating, co-generation, building insulation, energy loss reduction in transmission and distribution and equipment replacement with significant energy efficiency improvements.

    Read more about EIB's key environmental and social policies and standards, and about our Climate action financing.

    Management of CAB proceeds

    With the inaugural CAB issue, the EIB pioneered the ring-fencing of proceeds in a dedicated liquidity portfolio. CAB funds raised are allocated to a segregated sub-portfolio within EIB’s Treasury. Pending disbursements, the sub-portfolio is invested in money market instruments. In 2018, CAB proceeds have been allocated to 76 projects in 29 countries across the globe - see CAB project allocations for the list of projects supported by CABs.

    A list of outstanding Climate Awareness Bonds is available.

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  • Last modified-on: 29-08-2020