The Australian Government has committed to introducing a Green Bond program. The program will enable investors to back public projects that drive Australia’s net zero transformation and support environmental objectives.
Sovereign green bonds will boost the scale and credibility of Australia’s green finance market and attract more green capital to Australia.
The first issue of green bonds is scheduled for mid-2024, following the release of a Green Bond Framework being developed by the Treasury and Australian Office of Financial Management in consultation with investors.
The Australian Office of Financial Management will issue green bonds on behalf of the Australian Government.
The Treasury will be responsible for ongoing allocation and impact reporting.