The money raised through the Treasury’s new green savings bonds will not be used to fund any nuclear energy projects, despite the power source being a crucial part of the government’s ten-point plan towards net zero.
The term net zero means achieving a balance between the carbon emitted into the atmosphere and the carbon removed from it.
Investors might be able to help fund the government’s plans to “build back better and greener” as early as September, when it is expected that the first tranche of bonds will be launched.
Farnam Bidgoli, the head of environmental, social and governance (ESG) solutions at HSBC, said that the nuclear energy aspect had been scrapped in the process of working out suitable investments. “When doing our market research,