Local Authority Decarbonisation
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About Local Climate Bonds (LCBs)
Local Climate Bonds (LCBs), a type of community municipal investment, enable local authorities to raise capital to fund decarbonisation and social value projects in their communities. According to UK government statistics, 82% of all UK greenhouse gas emissions are within the scope of influence of local authorities, and since 2019, over 320 councils (75%) in the UK have declared a climate emergency and carry the responsibility of delivering the net-zero agenda.
LCBs can be used to fund projects including renewable energy sources, rewilding, electric vehicle charging points, school retrofit, and community climate funds.
Local Climate Bond (LCB) campaign
Local Climate Bond (LCB) campaign
The first LCBs were developed by Abundance Investment Ltd in 2020 to empower councils to gain long-term access to lower-cost funding through crowding in private investment from citizen investors, a new and untapped source of capital.
The GFI supports the development of the LCB market through a campaign which: raises the awareness of innovative place-based green finance products, informs councils of the optimal LCB issuance process, and convenes public-private decision makers. As a result of this campaign, 10 pioneering councils have launched LCBs, mobilising over £8.5 million of private capital for much-needed local environmental and social impact projects.
Almost 2,000 investors have participated in LCBs so far, receiving a return on their capital for supporting climate action, while the local authority can engage their local community on their net-zero transition.
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Sign the Local Climate Bond pledge
Sign the Local Climate Bond pledge
- Join the growing list of Local Authorities committed to launching a Local Climate Bond, or related municipal climate investment by signing the Local Climate Bond pledge.
- Efficiently finance Net Zero projects in your local area, while communicating action, demonstrating leadership and engaging your residents with your climate emergency plans.
- Work with us to find joint opportunities to showcase the impact of the Local Climate Bonds Campaign in your community.
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Committed Councils
Signatories to the LCB pledge
Past issuances
Live issuances
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Testimonials
The Green Finance Institute is not in any way affiliated with any finance providers listed on this webpage, and makes no statement as to the suitability or sustainability of any financial providers or any specific financial products. Finance providers listed on this webpage are listed solely to reflect the fact they are offering services related to the issuance of Local Climate Bonds. The Green Finance Institute does not recommend any particular financial providers or financial product. Other finance providers are available.