Article preview: The new green agenda from the UK government includes issuing its first sovereign green bonds in 2021. A green bond, sometimes called a ‘climate bond’, is a debt instrument with money raised specifically earmarked for climate and environmental projects. Where a green bond is issued, it is typically asset-linked and backed by the issuer’s balance sheet; in this case, backed by the UK government, which should mean borrowing carries a strong credit rating and money can be raised extremely cheaply.
New UK sovereign green bonds are welcome, but carry high greenwashing risk
This 469-word blog post looks at the UK’s government plans to issue sovereign green bonds in 2021, along with concerns that greenwashing is a high risk. Written on 15th November 2020.
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