Search Business Insights

Business Directory

Explore Our Directory Of Certified Business Partners

13 Jul
2017

The City of Cape Town is going Green in a Big Way


Cape-Town-Green-Bond

 

The Mother City raised R4.3 billion in Green Bonds

Earlier this year, the City of Cape Town announced that they have been granted by the Climate Bonds Standard to issue a green bond up to R1 billion. Green bonds are used to finance ‘green projects’ that help alleviate the effect of climate change. These green projects are imperative for us to sustain the environment and reduce our carbon footprint.

The city of Johannesburg was the first city in South Africa to list a green bond on the JSE in 2014 for the amount of R1.46 billion.

Cape Town’s Green Bond auction was held yesterday and raised an astounding R4.3 billion within the first 2 hours of bidding. Mayor Patricia De Lille said that the response to the auction is encouraging as it is clear that the city’s investors are eager to fund sustainable projects and are dedicated to the upliftment of the city.

Cape Town developed a Green Bond Framework in which numerous projects were identified to be funded that correspond to the city’s climate change strategy. Some of these projects include; more energy efficient buildings, reservoir upgrades, electric bus systems, water saving and management systems and protection and rehabilitation of coastal areas.

 

Winter has finally decided to visit Cape Town

Cape Town hotel to be featured in London

Stay up to date with the latest News in our Pressroom.

 



Related Articles:

Identify the Blind Spots

Anyone in charge of a business, whether it’s an energetic startup to a large national or global organisations, feels the often unbearable pressure of just being able to survive through to the next month. As Elon Musk has quipped, it’s like eating glass and staring into the abyss.




Debt Stress? No Worries

By Meerkat 0 comment(s)

Mauritius: Trade Marks Filed “In Defiance of Commercial Morality”

By ENSafrica 0 comment(s)

Emigration – Make Your Move Less Stressful with These Tips

By Leadhome 0 comment(s)

What Makes a Great Learning Game?

By Signify Software 0 comment(s)

SAFCOL Is At The Heart Of South African Forestry

By SAFCOL 0 comment(s)