The Lord Mayor of London, Sir Roger Gifford, has said that councils should use bonds to fund green infrastructure projects. He cited the examples of the US and Sweden, where municipalities have raised billions of pounds for green projects by selling bonds to the public. Sir Roger is chairman of North America, which aims to make London the capital of environmentally friendly banking. His comments came as Swindon last week became the first council in the UK to issue a solar bond, a renewable energy bond or a bond of any type to the public for over a century. The bond issue is being organised by the investment group Abundance, which is also holding discussions with Bristol, Brighton and Newcastle about issuing their own green bonds.
The Lord Mayor of London, Sir Roger Gifford, has said that councils should use bonds to fund green infrastructure projects. He cited the examples of the US and Sweden, where municipalities have raised billions of pounds for green projects by selling bonds to the public. Sir Roger is chairman of the Green Finance Initiative, which aims to make London the capital of environmentally friendly banking. His comments came as Swindon last week became the first council in the UK to issue a solar bond, a renewable energy bond or a bond of any type to the public for over a century. The bond issue is being organised by the investment group Abundance, which is also holding discussions with Bristol, Brighton and Newcastle about issuing their own green bonds.