The International Capital Market Association (ICMA) has released the Climate Transition Bond Guidelines, which is a framework for sustainable investment
The International Capital Market Association (ICMA) has released its Climate Transition Bond Guidelines (CTBG) – a framework designed to expedite the flow of capital towards energy-intensive sectors that are undergoing transformation.
While green bonds have traditionally been effective at channelling funding into technologies like EVs and renewables, many high-emitting sectors remain locked in older energy systems.
Heavy industries like steel, cement, chemicals and transport still account for roughly 40% of global greenhouse gas emissions, yet have historically faced barriers to accessing the sustainable bond market at scale.
energydigital.com
By James Darley
February 18, 2026