Government Securities

(asked on 17th July 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government whether they intend to issue a sovereign green bond; and if so, when.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 31st July 2018

Before issuing a new type of bond, such as a sovereign green bond, the government would need to be satisfied that – among other factors – they would provide cost-effective financing for the taxpayer, and there would be sustainable demand.

The UK’s private sector green bond market is well established, facilitated by the London Stock Exchange’s comprehensive specialist offering. There are now over 64 green bonds listed on the LSE in seven currencies, worth over $20 billion.

Sovereign green bonds were recently recommended by the Green Finance Taskforce’s report in March 2018. The government is developing its response to this recommendation, and will respond in due course.

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