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Vietnam Water Purifier Project

Financed through a World Bank $50 million Emission Reduction-Linked Bond priced in February 2023, this project aims to manufacture 300,000 water purifiers and distribute them to approximately 8,000 schools and institutions in Vietnam, reaching an estimated two million children with clean water and displacing biomass-boiling.

Vietnam (national, schools and institutions)Water purifier manufacturing and distributionVerra Verified Carbon Units (VCUs)
Image credit
Ruộng bậc thang ở Mường Khương (Lào Cai, Việt Nam). Geographic context.Location context · Bùi Thụy Đào Nguyên · CC BY-SA 3.0 · 2010 · Resized; display cropImage source ↗Licence ↗
OperatorUnnamed private project developer; Vietnamese Ministry of Education and Training named as distributing partner
EcosystemWater purifier manufacturing and distribution
StandardVerra Verified Carbon Units (VCUs)
StatusActive
LocationVietnam (national, schools and institutions)
Overview

Inside the project

Bond investors named include Citi as lead manager, plus Impax Asset Management, Velliv Pension and Nuveen, with returns linked to the issuance of Verra Verified Carbon Units.

This financing structure ties a development bank bond directly to carbon-credit generation rather than funding the developer outright.

300,000
Water purifiers manufactured
8,000
Schools/institutions
2,000,000
Children to gain access
50,000,000 USD
Bond size

Objectives

  • Manufacture and distribute 300,000 water purifiers to schools and institutions
  • Reach an estimated two million children with clean water

Approach

  • Water purifiers are manufactured and distributed to schools and institutions, financed by a bond whose returns are linked to Verra carbon-credit issuance.

Sources

Inspect 1 source
  1. worldbank.org ↗https://www.worldbank.org/en/news/press-release/2023/02/14/emission-reduction-linked-bond-helps-provide-clean-drinking-water-to-two-million-children-in-vietnam

Documented by one public source so far.

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