Rishi Sunak is expected to announce plans for £15bn green savings bonds, allowing people to invest in renewable energy projects such as wind and solar power, according to The Times.
Two tranches of green bonds are expected to be issued in 2021/22, with the first tranche expected to be worth about £7bn and will be issued in September, the newspaper said. Sunak will use a speech at Mansion House in the City of London to reveal details of the scheme, which is expected to be one of the biggest issues of green bonds in the world. Becky O'Connor, head of pensions and savings at interactive investor, said: "Green NS&I bonds will potentially be the Holy Grail for savers who want to do their bit but do not want to put their money at risk, as these bonds will be backed by ...
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