The Government of Canada is announcing its plan to issue its inaugural Canadian-dollar-denominated green bond this week, subject to market conditions. This follows the release of Canada's Green Bond Framework on March 3, 2022.
The inaugural green bond-the first of many such issuances-will create new financing opportunities that will speed up projects ranging from green infrastructure to nature conservancy, while also growing Canada's economy and creating new, good-paying jobs across the country.
A healthy environment and a healthy economy go hand in hand - and sustainable finance plays a key role in accelerating the transition to a cleaner, greener economy. Mobilizing capital will be crucial to Canada meeting both its 2030 emissions reduction target and its goal of achieving net-zero emissions by 2050.
Government of Canada green bonds will meet the demand of investors seeking green investment opportunities that benefit from Canada's triple-A credit rating from most major credit rating agencies, while contributing to the development of a stronger sustainable finance market in Canada.
