green bonds
It aims to set a ‘gold standard’ for how companies and public authorities can use green bonds to raise funds to finance investments and help reduce the risk of greenwashing
It has been issued by Raiffeisen Bank Romania, which has raised €81m to finance climate and environmental projects
The post-pandemic recovery is expected to provide significant opportunities for green and sustainability-related projects, including renewable energy, green urban infrastructure and climate-smart agriculture
The project is forecast to store enough energy to power 7,000 homes for a day
Green bonds are issued to back projects that have positive environmental and climate benefits
Government-backed green bonds will reportedly allow savers to fund projects that are in line with the ‘build back better’ campaign
The funds raised will support sustainable infrastructure and energy efficient projects
A record 79 new measures were announced or implemented in 2019
The Green Credit Continuum programme aims to contribute to the deployment of new financing required to meet the commitments made under the Paris climate change agreement.
Energy is said to dominate overall use of proceeds at 33%, followed by low carbon buildings at 29% and low carbon transport at 20%
The Big Zero report
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