Further to today’s announcement from Minister of Finance Hon Grant Robertson and Climate Change Minister Hon James Shaw, Te Tai Ōhanga – The Treasury has published the Framework setting out how the Government plans to finance or refinance climate and environmental expenditures through the issuance of New Zealand Sovereign Green Bonds.
The Framework sets out the Government’s climate change mitigation and adaptation and environmental priorities. It also outlines the basis for identifying, selecting, managing, and reporting on expenditures financed with Green Bonds.
Green Bonds will be important in tackling climate change, protecting and restoring the environment and indigenous biodiversity, while building a more productive, sustainable and inclusive economy.
The first issuance of Green Bonds, which will form part of the overall New Zealand Government Bond programme, is expected in late 2022, via syndication – subject to market conditions. The programme will help ensure high quality government projects with robust environmental outcomes are financed, delivered, monitored and reported on.
Further information on the Green Bond Programme is available at the New Zealand Debt Management website.
Treasury Communications Team
Email: [email protected]