Germany to issue green bonds worth up to $13 billion

The German government plans to generate up to 11 billion euros ($13 billion) for clean transportation and renewable energy projects this year by issuing green bonds.

Reportedly, the first green bonds worth 4 billion euros will be issued next month, with the rest released in the fourth quarter. The step is part of an effort to meet demand for environmentally friendly investments and follows the path already taken by other countries, including France. Each green bond will mirror a regular debt issuance by the German government, known as bunds, which are considered safe havens for investors.

 

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