This article was originally published on Reuters.

“Canada could grow into a thriving market for climate friendly “green bonds” if the federal government meets a campaign pledge to turn to this type of financing. Proceeds of green bonds are designated for projects that benefit the environment such as clean transportation and renewable energy.

Canada is preparing to spend more than $180 billion over 12 years to support infrastructure, including green infrastructure. Green bond issuance by the government could kick-start deals from the private sector and boost liquidity in the green bond market. This might reduce the cost of borrowing for environmental projects, given growing demand from socially responsible investors…”

Read on at: Reuters.