The Australian Government has issued $7 billion of its inaugural green bond in a major milestone for Australia’s sustainable finance market.
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The Australian Office of Financial Management’s (AOFM) bond issue was over‑subscribed with more than $22 billion in bids from 105 investor institutions across Australia, Asia, Europe and North America.
The green bond gives investors from around the world the opportunity to back government supported projects in Australia which are crucial to climate change mitigation, climate change adaptation and improved environmental outcomes.
Money raised from the green bond will go towards projects like green hydrogen hubs, community batteries and clean transport, as well as programs to conserve biodiversity, among others.
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The projects supported by the bond will deliver significant environmental benefits, including lowering greenhouse gas emissions, increasing Australia’s renewable energy production and bolstering our biodiversity conservation, restoration and adaptation.
For more information on the green bond click here.
