Germany's 1st Green Bonds for Environment

Putting Big Money Behind Climate Change Fight

Source:  Germany's Hydrogen Powered Green, Clean Train


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 -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 introducing a carbon tax to cut greenhouse gas emissions by 55% by 2030 as compared to 1990 levels.  By the Green Bond issuance, the German government says it want to show the public how green and climate friendly initiatives and targets can be made "transparent and predictable".

Global Green Bond Market

Using green bonds to fund environmental projects and fight climate change is growing.  It is most popular in Europe. Germany follows Poland which launched the world's first green bonds in 2016.  France issued its first green bonds in 2017 and it now is the world's leading issuer.  Germany is a leader in supporting clean transportation, like hydrogen trains and eVTOL flying cars, and renewable energy.  And, now Germany is issuing Green Bonds to accelerate, underwrite, guarantee and increase its environmental projects.  Overall in 2019, green bonds accounted for close to 3% of global bond issuances or $205 billion. 

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