Climate-Linked Diaspora Bonds and Blended Impact Vehicles: Conditions for Credible Mobilization

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Zahoor, N., Sumbal, M. S., Poulin, M., Upadhyay, D., & Ashraf, E. (2026). Climate-Linked Diaspora Bonds and Blended Impact Vehicles: Conditions for Credible Mobilization. In H. Jarrar, l.-P. Dana, V. Hachard, & G. Lodorfos (Eds.), Diaspora Angel Investing: Global Networks, Local Impact (pp. 75–87). Ethnic and Indigenous Business Studies. Springer. https://doi.org/10.1007/978-3-032-33088-8_6
© 2026 Springer. This is an Accepted Manuscript version of the following work: Zahoor, N., Sumbal, M. S., Poulin, M., Upadhyay, D., & Ashraf, E., Climate-Linked Diaspora Bonds and Blended Impact Vehicles: Conditions for Credible Mobilization. 2026, Springer. This version of the manuscript has been accepted for publication, after final editorial and peer review (where applicable) is complete, but is not the Version of Record and does not reflect post-acceptance improvements (such as copyediting or typesetting), or any corrections. The final authenticated version is available online at: http://dx.doi.org/10.1007/978-3-032-33088-8_6. Use of this Accepted Manuscript version is subject to the publisher’s Accepted Manuscript terms of use: https://www.springernature.com/gp/open-research/policies/accepted-manuscript-terms

Kuvaus

This chapter examines when climate-linked diaspora bonds and related impact vehicles can mobilize capital credibly and when they are likely to disappoint. It does not advocate a new instrument. Instead, it synthesizes evidence from diaspora-finance, remittance, sovereign-bond, blue-finance, and business-angel research to clarify the operating conditions under which diaspora capital can support climate mitigation, resilience, and adaptation. The chapter shows that homeland attachment can widen investor attention, but sustained uptake depends on governance quality, ring-fenced use of proceeds, investable project pipelines, and credible intermediation. It also explains why remittances, although large and resilient, do not automatically become productive investment without financial-sector depth. By comparing sovereign diaspora bonds, thematic climate notes, and blended vehicles, the chapter develops an evidence-based framework for choosing the right instrument for the right problem. The central conclusion is clear: climate-linked diaspora finance works best when treated as serious financial architecture rather than patriotic fundraising.

Emojulkaisu

Diaspora Angel Investing: Global Networks, Local Impact

ISBN

978-3-032-33088-8

ISSN

2948-1643
2948-1635

Aihealue

Kausijulkaisu

Ethnic and Indigenous Business Studies

OKM-julkaisutyyppi

A3 Kirjan tai muun kokoomateoksen osa (vertaisarvioitu)