France has issued a record 7 billion euros ($7.5 billion) in so-called green treasury bonds, a boost to efforts to generate investment in clean energy. The 22-year bonds that will go exclusively toward green energy spending. The French government celebrated the success and president Francois Hollande called on other countries to follow France’s example. Hollande’s government has championed green bonds since hosting the 2015 Paris Agreement, which aims to fight global warming by reducing carbon emissions and investing in renewable energy.
France issues record $7.5 billion in green bonds
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