Fund managers have welcomed plans by the UK government to issue a first sovereign green bond next year, which is expected to bolster green infrastructure projects and move the country closer to its goal of reaching net-zero emissions by 2050.
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Investors welcome UK green gilt plan as sovereign issuance accelerates across Europe
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The UK joins a flurry of new sovereign issuers entering the green bond market in Europe – a pool which already includes Ireland, France, Poland, Belgium, and the Netherlands. Germany is the region’s newest issuer, launching its first EUR6 billion sovereign green bond in September, and planning another bond for November.
This initial green bond will be the first in a series of new issuances “as we look to build out a green curve over the coming years”, Chancellor Rishi Sunak
told the UK’s parliament on Monday.
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