The Systematic Observation Impact Bond was launched as the world’s first climate-finance bond focused on strengthening global weather and climate data.
The bond aims to mobilise about US$200 million by end-2026 through the Systematic Observations Financing Facility (SOFF).
It supports 30 Least Developed Countries and Small Island Developing States to meet Global Basic Observing Network (GBON) standards.
The initiative targets a five-fold increase in internationally shared weather and climate observations, with results independently verified by the World Meteorological Organization (WMO).
Closing observational gaps is estimated to deliver US$5 billion in direct annual benefits.
It can unlock up to US $160 billion in wider economic gains.
It will be led by the Systematic Observations Financing Facility (SOFF), a UN fund established by UNEP, WMO, and UNDP.