West Berkshire Council, GB approves Climate Change Bond program to reach carbon neutrality goals

West Berkshire Council, GB Climate Change Bond

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The council approved a £1 million bond to finance green energy projects throughout the area. Investors acquire Climate Change Bonds for £5 or more in exchange for direct community impacts and small dividends. The initial round of bonds was used for the Greenham Common solar project and an urban tree program. Council officials determined that the bonds provide better value than other loan mechanisms in its effort to reach carbon neutrality by 2030.

Finance Budgeting Energy Solutions Resiliency Pilot / POC

West Berkshire Council, GB

Unitary authority in England

United Kingdom

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West Berkshire Council agrees community bond scheme with Abundance Investment - Newbury Weekly News

Scheme will provide "significantly more financial firepower and at a lower borrowing cost"

Borough eyes community bond to fund green infrastructure | Room 151

Borough eyes community bond to fund green infrastructure,Photo: UN Photo/Eskinder Debebe, Flickr West Berkshire Council is exploring proposals to set up a community bond to fund a green infrastructure project aimed at achieving the authority’s carbon-reduction ambitions.

Project Succeeded

West Berkshire Council won the Sustainability and Social Value category at the 2021 Public Finance Awards.

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