Paving the Path : Lessons from Chile’s Experiences as a Sovereign Issuer for Sustainable Finance Action
Climate risks are on the rise globally. For emerging market countries such as Chile, these risks can manifest as an increased propensity for drought, wildfires, flood events, and landslides. As a result, governments are increasingly prioritizing po...
| Main Authors: | , , , , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/459991621583141166/Paving-the-Path-Lessons-from-Chile-s-Experiences-as-a-Sovereign-Issuer-for-Sustainable-Finance-Action http://hdl.handle.net/10986/35683 |
| Summary: | Climate risks are on the rise globally.
For emerging market countries such as Chile, these risks can
manifest as an increased propensity for drought, wildfires,
flood events, and landslides. As a result, governments are
increasingly prioritizing policy solutions that will support
an economic transition to mitigate the impact of climate
change while also supporting households and communities as
they adapt to the changing risk landscape. The financial
sector is playing a key role in supporting a just economic
transition. For many emerging market countries, the
sovereign is the largest issuer of domestic debt, and the
instruments and issuance path they choose can be key toward
influencing downstream financial sector activity. For their
part, global investors are becoming more attuned to the
environmental, social, and governance (ESG) factors that
underpin sovereign debt instruments. This report explores
Chile’s sovereign issuer options, opportunities, and
challenges through the lens of its recent decisions to issue
green, social, and sustainable debt instruments. |
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