After France, Belgium, Germany, the Netherlands and many other countries, London should finally issue its first green bonds next year. An operation long awaited by investors, and demanded last month by the actors of the City.
British government bonds will finally go green. The UK will issue green gilts for the first time next year, UK Finance Minister Rishi Sunak said on Monday during an address on the future of financial services to the House of Communes. “This will be the first in a series of new shows”, he said, specifying that these operations will be used to finance projects aimed at combating climate change, and in particular “Investments in infrastructure”.
The announcement should allow the country to present itself as a champion of green finance as it prepares to host COP 26, the international climate conference, in Glasgow next year. The future “green gilts” are also supposed to help it achieve the carbon neutrality objective it has set for 2050.