France has identified 15 billion euros of eligible expenditure for the government's green bond issuance program for 2021, an amount almost doubled compared to last year, Agence France Trésor announced on Monday (AFT ).
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The envelope, which amounted to 8 billion euros the three previous years, is "
up sharply with the attachment, in particular, of state support to renewable energies, previously financed by an assigned tax
", a indicated in a press release AFT, responsible for placing French debt with investors.
“
France's green bond program targets spending from the state budget on the fight against climate change, adaptation to climate change, protection of biodiversity and the fight against pollution,
” he said. 'Agence France Trésor.
The first French green debt issue, carried out four years ago and whose outstanding amount has almost quadrupled to reach nearly 28 billion euros to date, will continue to be replenished "
according to investor demand
", she completed.
Read also: Green bonds with a bright future
AFT also intends to create a second green bond this year “
with a maturity of close to twenty years, subject to market conditions
”.
