Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

To pick up on the issue of green bonds, €5 billion has been raised by the Irish sovereign green bond to date. I note the framework regarding the placement of the funds raised in green projects and the external validation of the fund's green credentials. Why is that the amount being raised as a total of the fund? The last round was oversubscribed by investors and there is any number of projects, ranging from public transport and renewable energy to retrofitting, on which the funds could be spent. What determines how much of the country's borrowing comes through the Irish sovereign green bond?

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