NZ to issue sovereign green bonds

The aim is to issue the first green bonds next year. (Image: Unsplash)

Fri, 12 Nov 2021

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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