Environmental Impact Bonds

By David Nicola and Cathy Clark

This paper serves as the environmental response to a McKinsey & Company paper on Social Impact Bonds (SIBs) issued in May 2012. SIBs are the “hot topic” in the world of impact investing, yet few are discussing the possibility of applying the SIB model to environmental causes. This paper aims to correct that omission within the field of impact investing and spark a rigorous discussion on the potential for Environmental Impact Bonds (EIBs).

CASEi3, 2013