UK lining up green savings bond for retail

By Lewis McLellan
01 Mar 2021

The UK is set to announce the world’s first sovereign green bonds for retail investors. The proceeds will help to finance projects aimed at achieving the country’s target of reducing greenhouse gas emissions to net zero by 2050.

The green retail product will, like wholesale green Gilts, fall under the UK’s green bond framework, which will be set out in the coming months.

“It’s an exercise in political signalling primarily,” said a Gilts portfolio manager. “It’s more expensive funding than the Green Gilts that are coming, ...

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