Rishi Sunak ramps up plans for UK's first green gilt and retail green savings bond

At least two green gilts to be issued in 2021

clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA Working Lunches: Join us for an in-person event in York

PA Working Lunches: Join us for an in-person event in York

Join us for lunch and an informative session worth one hour of CPD

Professional Adviser
clock 08 June 2023 • 1 min read
PA Working Lunches: Last chance to join us live in Exeter

PA Working Lunches: Last chance to join us live in Exeter

Join us for lunch and an informative session worth one hour of CPD

Professional Adviser
clock 05 June 2023 • 1 min read
FCA greenlights £839m Rathbones/Investec W&I merger deal

FCA greenlights £839m Rathbones/Investec W&I merger deal

Shareholder approval required following regulator sign off

clock 02 June 2023 • 1 min read