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  • Does Colombia have a green taxonomy?
  • A Green Taxonomy to Pave the Way for Financial Markets In April 2022, Colombia became the first country in the Western Hemisphere to adopt a national green taxonomy. A green taxonomy is a classification tool that allows lenders and borrowers to identify economic activities that contribute to specific environmental targets.
  • Why did Colombia get a green bond in 2022?
  • The inaugural issuance was awarded the Sovereign Green Bond of the Year by Environmental Finance in 2022. The World Bank has been a long-standing partner of Colombia in its journey to protect its biodiversity, adapt to climate change, and advance towards its ambitious commitments for reducing greenhouse gas emissions.
  • Why should Colombia invest in sustainable financing?
  • Having made impressive strides in creating an enabling regulatory environment for sustainable financing, Colombia built a strong foundation to achieve its ambitious climate and biodiversity conservation goals as well as manage the financial sector’s exposure to ESG risks.
  • Why is the World Bank partnering with Colombia?
  • The World Bank has been a long-standing partner of Colombia in its journey to protect its biodiversity, adapt to climate change, and advance towards its ambitious commitments for reducing greenhouse gas emissions. We are delighted to have facilitated this groundbreaking transaction. A Green Taxonomy to Pave the Way for Financial Markets
  • What are the three levels of land-use improvement in Colombia?
  • “Due to the predominance of small farms in Colombia, the taxonomy classifies land-use improvements in three levels of complexity and cost: basic, intermediate, and advanced.
  • What is Colombia's environmental taxonomy?
  • The taxonomy considers Colombia’s socioeconomic context and the associated environmental challenges and targets (water and soil management, climate mitigation and adaptation, protecting biodiversity and ecosystem services) that have been incorporated into its environmental policy and regulatory system.