The Treasury’s inaugural £10bn bond targeting investments in net zero projects, received more than £100bn of bids from the market, according to reports.
The government has committed to publishing its Green Financing Framework, which will set out new criteria for funding of its forthcoming green bonds, by the end of this month.
The Bank of England’s bond purchase programme is creating a “moral hazard” by funding companies which emit large amounts of carbon dioxide, according to a group of MPs.
Chancellor Rishi Sunak has announced the UK is set to issue its first sovereign green bond next year, in a bid to help meet the government’s 2050 carbon net zero target.
