The Ministry of Finance is working on the issue of issuing the first government “green” bonds and studying international experience in issuing similar securities. Izvestia was informed about this in the press service of the ministry, without specifying the possible timing and volume of the issue of such securities.
Ilya Torosov, deputy head of the Ministry of Economic Development, told Izvestia that the ministry welcomes the issuance of green bonds at any level: corporate, federal or regional.
“The growth of the green securities market is one of the priorities in the work of the Ministry of Economic Development on the climate agenda. Green finance is one of the main instruments for low carbon development. After the successful placement of bonds of the Moscow government, we see interest from other regions and companies, ”he said.
Ilya Torosov recalled that in September the government approved the criteria for classifying projects as “green”, but the placement of federal bonds falls within the exclusive competence of the Ministry of Finance.
In Russia, such bonds are still gaining popularity. 14 issues of “green” bonds totaling over 100 billion rubles are currently circulating on the Moscow Exchange, Izvestia was told in its press service. ACRA clarified that 10 companies (including Russian Railways and Atomenergoprom) acted as their issuers, and the total accumulated volume of Russian ecobonds is 292 billion rubles (including placements abroad).
Read more in the exclusive material from Izvestia:
Bond, green bond: the Ministry of Finance is considering the issue of issuing “green” government bonds