South Africa is preparing the framework for a possible first sovereign green bond, potentially creating another financing channel for climate and development priorities as the country faces an estimated R3.7 trillion investment requirement for climate mitigation and adaptation between 2026 and 2035. The issuance could take place during the fiscal year ending March 2027, depending on market conditions, the availability of an eligible project pipeline and government readiness. The move is also drawing attention to how sustainability credentials are defined, measured and incorporated into investment decisions. National Treasury published its Sovereign...