Publication
Title
The proliferation of municipal green bonds in Africa and Latin America : the need for a climate justice approach
Author
Abstract
This paper utilizes a climate justice perspective to examine municipal green bonds (MGBs), a green-labelled debt instrument issued by subnational governmental entities, such as municipalities or cities, that determines financial, social and environmental redistributions in the context of climate change. This analysis focuses on the origins and financial construction of MGBs as the “descendant” of US municipal bonds and provides data on their recent diffusion in Africa and Latin America. It then draws connections with the lessons learned from critical analyses of US municipal bonds. The case study section explores one wastewater MGB of San Francisco (California) and creates material and theoretical connections with MGBs issued to finance water infrastructure in Mexico City (Mexico) and Cape Town (South Africa). The article concludes that the analysis and implementation of municipal green bonds needs a climate justice approach in order to recognize and address the production and reproduction of climate injustices.
Language
English
Source (journal)
Environment and urbanization / Société des publications de l'entreprise SNC. - Paris
Publication
Paris : 2024
ISSN
0956-2478
DOI
10.1177/09562478241230290
Volume/pages
36 :1 (2024) , p. 147-172
ISI
001187818700001
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Art 
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identifier
Creation 20.03.2024
Last edited 10.06.2024
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