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Home Economy

The UK and Porto are exploring domestic green bond opportunities

Ursula Curtis by Ursula Curtis
February 23, 2023
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Local investors, whether companies or citizens, can, through municipalities, help promote the development of “green” projects with the aim of reducing the effects of climate change. The UK Embassy and the Porto Energy Agency have teamed up to organize a discussion on the challenges and opportunities presented by domestic ‘green bonds’.

The event, at the Porto Innovation Center, was attended by the Deputy Mayor of Porto, Felipe Araujo, and Deputy Chief of Mission at the British Embassy, ​​Ross Matthews.

Included in the ESG category (Environment, Social and Governance, in Portuguese), “green bonds” finance projects that promote environmental protection and, therefore, contribute in a transparent way to the transition to a green economy.

framed with the goal of carbon neutrality by 2030 that he advocated Porto Climate CharterDeputy Mayor of Porto believes that “this innovative financial instrument can allow foreseeing and involving some decarbonization projects in the region the owners local”.

says Felipe Araujo, who is also in charge of the environmental department. and climatic transmission.

Local Green Bonds – Challenges and Opportunities participated in the Municipal Support Fund, Business Council for Sustainable Development, Deloitte, GoParity and the Green Finance Institute, which made it known that the implementation of this instrument in the UK and emphasized how citizens, through These addresses, with the opportunity to positively participate in the goal of carbon neutrality linked to financial profitability.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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