Local climate bonds have been launched in several Councils in England, but not yet in Scotland.viOfficial Report, NZET Committee, 21 June 2022, col s 9-10 (Green Finance Institute) We heard that they can be useful in helping deliver discrete local schemes but would be harder to scale up for major infrastructure.viiOfficial Report, NZET Committee, 20 Sept 2022, cols 25-26 (Louise Marix Evans) It also seems likely that the appetite for investing in local climate bonds will fluctuate depending on the general economic situation.