Ontario Proposes Green Bonds for Transportation

An October 30 announcement from Ontario’s Premier states that Ontario will become the first Canadian province to implement a “green bonds” program to help fund environmentally-friendly transportation. According to the government, the bonds would help address critical infrastructure needs, create jobs, and strengthen the economy while keeping funding interest rates low and minimizing costs for consumers. The bonds would also be internationally certified, so they could be officially recognized as investments in sustainability. Green bonds are securities that raise capital for specific projects with environmental benefits. According to think-tank Clean Energy Canada, green bonds are in high demand which, combined with Ontario’s attractive credit rating, may result in substantial benefit to Ontario’s sustainable transportation sector.

See the government press release at:  http://news.ontario.ca/opo/en/2013/10/province-proposes-new-way-to-fund-infrastructure.html?utm_source=ondemand&utm_medium=email&utm_campaign=p, and see the Clean Energy response at “Green Bonds: an Investment to Write Home About” at:http://cleanenergycanada.org/2013/11/01/green-bonds-investment-write-home/.

For background on green bonds in Canada, see the articles at the Initiative Climate Bonds website at: http://www.climatebonds.net/category/canada/

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