Central Coast Council, New South Wales, has voted to include green bonds in their investment portfolio for the first time.
Green bonds were created to fund projects that have a positive environment social and/or climate benefits including but not limited to renewable energy (solar, wind and hydro), carbon reduction, commercial property energy efficiency improvements, asset finance for low emission passenger and commercial vehicles and community housing.
Mayor Jane Smith said investing in green bonds will allow Council to provide finance to projects that generate positive social impacts and help create a vibrant and sustainable Central Coast.
“Green bonds are all about funding sustainable initiatives including renewable energy projects and better waste management in landfills that we can all benefit from and address the impacts of climate change.”
The mayor said that by investing in Green Bonds, Council is choosing an option that will contribute to a sustainable future.
