Sunak to announce £15bn green savings bonds scheme for public - reports

Two tranches to be issued in 2021-22

Pedro Gonçalves
clock • 4 min read
Rishi Sunak is expected to announce the plans this week in a speech at Mansion House in City of London
Image:

Rishi Sunak is expected to announce the plans this week in a speech at Mansion House in City of London

Rishi Sunak is expected to announce plans for £15bn green savings bonds, allowing people to invest in renewable energy projects such as wind and solar power, according to The Times.

Two tranches of green bonds are expected to be issued in 2021-22, with the first tranche expected to be worth about £7bn and will be issued in September, the newspaper said. Sunak will use a speech at Mansion House in the City of London to reveal details of the scheme, which is expected to be one of the biggest issues of green bonds in the world. Becky O'Connor, head of pensions and savings at interactive investor, said: "Green NS&I bonds will potentially be the Holy Grail for savers who want to do their bit but do not want to put their money at risk, as these bonds will be backed by ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

The worst contender dropped 166%, with its flows going from net positive to net negative
ESG

Morningstar figures reveal drop in recently ESG rebranded funds flows

Worst fund saw 166% drop

Kathleen Gallagher
clock 24 June 2022 • 5 min read
Industry Voice: Green bonds - a powerful way to take climate action

Industry Voice: Green bonds - a powerful way to take climate action

Did you know that investing in green bonds is one of the most powerful ways to make a climate-positive impact ? Learn why green bond proceeds are putting the planet first.

Amundi ETF
clock 23 June 2022 • 8 min read
The UK Infrastructure Bank just surpassed its one year anniversary
ESG

UK Infrastructure Bank to move away from investing through fund managers - reports

Chief executive has come under pressure

Elliot Gulliver-Needham
clock 23 June 2022 • 2 min read
Trustpilot