OTTAWA, Feb. 26 (Xinhua) -- The Canadian government on Monday announced its plan to issue the second Canadian-dollar-denominated green bond this week.
This issuance will be the first under Canada's updated Green Bond Framework to include certain nuclear energy expenditures, the Finance Ministry said in a news release.
Canada is the first sovereign borrower to include certain nuclear expenditures in a green bond, demonstrating Canada's commitment to being a global nuclear leader, the release said.
According to the release, mobilizing capital through green bonds is an important element of Canada both meeting its 2030 emissions reduction targets and achieving net-zero emissions by 2050. Green bonds unlock private financing to speed up projects such as green infrastructure and nature conservation.
Canada issued the first 7.5-year, 5 billion Canadian dollar green bond in March 2022. No proceeds from the first green bond will be allocated to nuclear related expenditures, the release said.
