Title: Smart Contract-based Carbon Credits attached to Green Bonds

Language: English

Type: Document

Nature: Report

Published: October 1, 2022


Region: Global

Country: Global / Non-Specific

Topic: Emission Reduction Program

Keywords: PPPs by Topic *, Emission Reduction Program **

Document Link(s):


Document Summary:

Project Genesis 2.0 demonstrated the benefits of integrating the green bond and carbon markets, as well as the possibility brought about by technology to enhance the transparency and environmental integrity of the green bond market. We hope that the possibility and learnings demonstrated in Project Genesis 2.0 will catalyse innovations in the green finance market, leading to developments that shift mainstream finance towards meaningful and impactful climate solutions.


Document Details:

This report includes three sections: Section A outlines the vision of Project Genesis 2.0, which discusses the green washing and additionality issues in the green bond market, proposes a new green bond structure appended with MOIs, and provides an overview of the benefits demonstrated in the project; Section B takes a deep dive into the two prototypes’ respective technology solutions, key learnings and future considerations. A sample term sheet template for issuers on the proposed green bond and MOI structure contributed by King & Wood Mallesons is attached as Annex.


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