Cabinet paper

Cabinet Paper CBC-21-SUB-0119: New Zealand Green Bond Programme

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Cabinet Paper CBC-21-SUB-0119: New Zealand Green Bond Programme#


1This Government has an ambitious agenda to work to a low emissions future. As part of that agenda, I am proposing to create a sovereign ‘Green Bond’ Programme (GBP).

2I seek Cabinet support to take a two-stage process in developing the GBP. As the first step, I am proposing to announce the creation of the programme at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), in November 2021. This announcement will enable Officials to engage with the market on the structure of the programme. As the second step, I intend to report back to Cabinet in April 2022 with a final proposal for the GBP.

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