South Africa mulls selling ‘green bond’

Bloomberg

South Africa’s government is considering selling a green infrastructure bond worth tens of billions of rand as part of its biggest drive ever to kickstart private investment in projects ranging from energy to water reticulation.
The proposed instrument is one of several mechanisms the country could use to raise finance for projects worth as much as $86 billion over the next decade, said Kgosientsho Ramokgopa, head of the South African presidency’s investment and infrastructure office. “A idea that’s finding traction is a green infrastructure bond,” he said.