The Treasury has announced that green projects across the country are set to benefit from funding from the UK’s first ever Green Gilt. Government bonds, or gilts, are sold to institutional investors and provide a fixed rate of return until their expiry. The UK’s inaugural Green Gilt is a 12-year bond, maturing on 31 July 2033. The money raised by the Green Gilt will be used to finance expenditures in clean transportation, energy efficiency, renewable energy, pollution prevention and control, living and natural resources, and climate change adaption. £10 billion was raised from the sale of the Gilt when it was launched on 21 September.
