The Australian government will issue its first green bonds next year. Treasury Secretary Jim Chalmers made the announcement on Friday at the conclusion of a roundtable between ministers, pension funds, banks, asset management – total assets of more than $2,000 billion – and climate and energy experts.
The bond will allow both institutional and non-institutional investors to do so Financing public projects aimed at achieving net zero. Last year the Australian government announced its climate goals which include reducing greenhouse gas emissions by 43% by 2030 (compared to 2005 levels), and going to zero by 2050.
To this end, prof green bond framework The issuance of the first green bond is scheduled for mid-2024. Following in the European footsteps, Category, in collaboration with the Australian Institute of Sustainable Finance, to provide common standards and definitions on what activities and assets can be considered sustainable. The Australian Securities and Investments Commission, according to the treasurer’s statement, will also receive an additional amount $4.3 million to combat greenwashing.
A programme, announced last weekend, which thus aims to support the goals of net zero, the development of sustainable finance and energy efficiency in the country.
According to some international newspapers, Mark WhelanCEO of ANZ Group, one of the five largest banking institutions in Asia, also stressed how the planned operations “will allow Australia to better align itself with overseas markets, giving certainty to borrowers and investors while at the same time unlocking the necessary capital to green and social initiatives” ,
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