HM Treasury has confirmed proceeds from green bonds will go towards renewable energy, climate adaptation, energy efficiency, nature restoration and zero emission transport projects.
The Chancellor is expected to unveil critical details about the UK's inaugural sovereign green bond and retail green savings bond in a major speech in the City of London later today. In an address to young leaders and CEOs at Mansion House, Rishi Sunak will provide details about how the state-backed financial instruments will work as he outlines the government's broader vision for the future of the UK's financial sector, the government confirmed late yesterday. In the statement, the Treasury said the debut green bond - otherwise known as a green gilt - and the retail green savings bon...
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