Councils should use bonds to fund much needed green infrastructure projects such as renewable energy and flood defences, according to the Lord Mayor of London. The UK’s first council solar bond was launched last week, and Sir Roger Gifford said there was tremendous scope for the country to follow the lead of the US and Swede, where municipalities have raised billions of pounds for green projects by selling bonds to the public. Green bonds are good for the environment because they enable projects to be built that otherwise may not get off the ground and they provide a relatively safe investment for the public because they pay a much higher interest rate than a savings account, advocates say.
Independent 27th Feb 2016 read more »