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Italy moves to catch up to France in green bonds

Climate Finance

A recent study of how to spur private investment in environmental and climate change initiatives recommended Italy establish a national green bond development committee.

Green bonds hit a record high in 2016, rising to $81 billion, and France just issued its first green bond — the largest ever, owing to strong investor interest.

“Strengthening the environmental dimension of finance is essential to deliver our goals for sustainable development and climate change,” said Italy’s Minister of the Environment, Gian Luca Galletti.

The European Commission is also beefing up its sustainable finance strategy.

Photo credit: Shutterstock

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