NZ to issue sovereign green bonds

NZ  to issue sovereign green bonds
The aim is to issue the first green bonds next year. (Image: Unsplash)
Rebecca Howard
The government plans to issue sovereign green bonds from next year to help raise funds for New Zealand’s low carbon transition. “Green bonds will enhance the development of New Zealand’s sustainable finance market,” finance minister Grant Robertson said. Green bonds provide financing for low-emission or environmental projects like renewable energy or reforestation. “Projects financed by the bonds will be subject to additional scrutiny and, over time, the project selection, evaluation, and reporting requir...

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