Considering how much noise they make about other (in particular green) stuff, this government launch slipped rather below the radar. Their Green Bonds aren’t offering mouth-watering interest rates, but I guess the point is to make you feel good for the £65 a year which your £10,000 will be earning. I’d guess that if you’re a project on the other end of this trying to get funding government Green Bond funding, there’ll be endless, mindless hoops through which to jump. But it’s a start, and if banks and building societies start to compete, a potential jolly good thing.
“Wealthy Brits refocus portfolios ethically ‘with urgency'”
What big investors, like fund managers, pension funds, and in this case the ultra-rich do with their money could save the planet more effectively than any of Boris’s bikes. Sorry, maybe that was a tad cynical. But if you want big business to take notice, money talks....
