ANNOUNCEMENT: Pre-issuance certification under Climate Bonds Standard secured

Lionheart Farms (Philippines) Corporation, a sustainable coconut farm in Palawan, Philippines, received Pre-Issuance Certification from the Climate Bonds Standard Board for the company’s green bond to expand coconut cultivation. Green bonds fund projects with environmental or climate benefits.  With support from the United States Agency for International Development (USAID) Green Invest Asia program, the Hong-Kong based verifier, Carbon Care Asia, […]

A closer look at the carbon market

Carbon credits and carbon offsets are often used interchangeably, but that isn’t quite accurate. Carbon credits refer to an entity’s ‘right’ to emit one tonne of carbon, whilst a carbon offset represents the amount of sustainable energy produced, emissions reduced, or the amount of carbon captured by a sequestration project to ‘offset’ the use of fossil fuels. In addition, carbon […]

A closer look at recent carbon prices

On Wednesday 21 April 2021, Members of the European Parliament adopted an ambitious new climate target: a 55% reduction in greenhouse gas emissions by 2030 compared to 1990 levels. The very next day, carbon prices soared to an unprecedented level of €47 per tonne. This was enough to restore confidence in the effectiveness of the European emissions trading system (ETS), […]

An introduction to carbon markets

A brief background The carbon market was created by the Kyoto Protocol, which was adopted on the 11th of December 1997. It carried forward the principles of the 1992 United Nations Framework Convention on Climate Change, or UNFCCC, that sought to commit parties to the reduction of harmful greenhouse gases. After a lengthy and complex ratification process, it finally came […]

Pakistan and Green Bonds: Promoting Microfinance

by Yawar Herekar, Cedric Rimaud and Fahad Asad Can bonds only be vanilla or green? Times have changed. The global effects of COVID-19 have also brought into the limelight the current and future effects of climate change. Capital markets have adapted and kept up with all the change occurring, evolving from a market where investors knew and cared little about […]

Response to Bond Vigilantes’ article on the Suzano Sustainability-Linked Bond (SLB)

By Cedric RIMAUD, Co-Founder of Earth Wake Dear Charles de Quinsonas Thank you for your excellent “Look beneath the surface” analysis of Suzano’s $750 million Jan-2031 bonds, whose coupon of 3.75% is subject to an increase of 25bps per annum from July 2026, should the issuer fail to meet its greenhouse gas (GHG) emission target in 2025. It is clearly […]

Pakistan and Green Bonds: The China Factor

This is the second article on Pakistan and Green Bonds. This article is co-written by Cedric Rimaud (Earth Wake Co-Founder, Corporate Bonds and Green Finance Specialist), Yawar Arif Herekar (GCF Accreditation and ESS Policy Expert), Syeda Hadika Jamshaid (Climate Change Expert from the Ministry of Climate Change, Pakistan) on the role of China in the green bonds market and how […]

Pakistan and Green Bonds: A Case Study

by Cedric Rimaud and Yawar Arif Herekar What are green bonds?  Climate finance is ramping up around Asia. Countries are spending on ways in which they can accelerate climate actions while meeting their sustainable development goals (SDGs) and their carbon emissions reduction targets. The COVID-19 pandemic is adding to the urgency with large stimulus packages the world over. Multilaterals such […]

Response to The Economist’s view on Blended Finance

Cedric RIMAUD, CFA Under the assertive title of “Blended finance is struggling to take off”[1], The Economist magazine, in its 15th August edition, points to an area that we, at Earth Wake, are all too familiar with. According to convergence, the Economist argues, blended finance is a small $20 billion a year -which is well below the need of spending […]

Earth Wake is selected for International Climate Finance Accelerator

We are thrilled to announce that Earth Wake has been selected as winner of the ICFA spring Cohort 2020. The ICFA Luxembourg supports innovative and scalable climate finance initiatives that have high social and environmental impact. The Asia Pacific region is highly vulnerable to ongoing climate change and its impacts fall disproportionately on the poor. Reductions in crop productivity, destruction […]