It jumped from $5.2bn in 2012 to $540.6bn in 2021

The programme aims to unlock more than £500 million for zero-carbon projects

The Chancellor said the UK’s first ‘Green Gilt’ raised £10 billion for green projects

The framework is expected to provide investors with the confidence that the funds mobilised will be allocated to green bonds and the Commission will report on the environmental impact

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