Mexico City Green Bond

The Mexico City Green Bond is a fixed-income debt or equity instrument issued by the Government of Mexico City to finance environmental projects. It must comply with the principles established by the International Capital Market Association for Green Bonds and the Climate Bonds Initiative's Green Bonds Principles. The funds are exclusively allocated to climate change mitigation and adaptation projects with clear, specific, and quantifiable environmental benefits. In 2016, Mexico City became the first local government in the country to successfully issue a Green Bond for one billion pesos.