(ANSA) - ROME, FEB 25 - The Treasury's launch of green BTPs, emissions to finance environmental spending and the fight against climate change, is "imminent" and Meflavora is aiming for a debut within the first quarter, "goal that is within reach".
This was stated by Davide Iacovoni, head of the Treasury for public debt, explaining that the task force created with the inter-ministerial committee aimed at identifying in the state budget the potentially accountable expenses to be financed by the green BTP identified about 35 billion, of which over half in transport, the I remain on energy efficiency, incentives for renewables, the circular economy, environmental protection and research.
For the moment, the Btpgreen is not offered directly to retail savers, given the strong demand from institutions: "however - explained Iacovoni. Retail can always buy on the secondary market, going to the counter once the security is issued".
Where a commission is generally required for this type of transaction.
The indication of a "technical ceiling" of 35 billion - Iacovoni pointed out - does not indicate a maximum ceiling for green bond issues, nor is it an indication of the part of the Italian budget attributable to environmental spending or to contrast climate change: it is a mere technical indication of the accountable expenditure in order to be financed with a green bond, whose issue volume is difficult to indicate: "it will depend on demand, and given the reporting mechanism it will lead us to have a certain prudence".
(HANDLE).