Germany's Green Bonds to Fight CC
Putting Green Bonds Behind Climate Change Fight Source: Germany Renewable Energy Stock Image Funding Clean Transportation & Renewable Energy Projects For the first time, the government of Germany plans to issue $13 billion in so-called Green Bonds to fund renewable energy and clean transportation projects. The $13 billion worth of bonds will be issued this year - late Q3 and Q4 2020. Germany is tapping into the financial markets to increase its commitment to fight climate change. This is a case of putting money up against specific environmental targets to fight climate change. Germany has a strong green commitment but it is even getting greener. September Launch The first issuance is in September 2020 of a 10 year bond or Bunds that is worth 4 billion euros in value. The rest will be issued in the fourth quarter of 2020. By 2023, Germany wants to spend 54 billion euros as part of its climate change agenda. The agenda includes introduc...