Sovereign Green Bond Pioneer
New Zealand issued its first sovereign green bond in November 2022 to help finance government projects with robust environmental outcomes. Proceeds are earmarked for Low-Carbon Transport, Energy Efficiency and Renewable Energy, Low-Carbon Buildings, Living and Natural Resources and Land Use, Terrestrial and Aquatic Biodiversity, Adaptation, Sustainable Water and Wastewater Management, and Pollution Prevention and Control.
“Te Tai Ōhanga – The Treasury is proud to receive this award for the inaugural New Zealand Sovereign Green Bond. I’d like to thank all involved, both our people and our partners – this Climate Bond Award is a testament to your excellent work to deliver on our climate and environmental goals.”