Local Green Bonds: a key to Energy Efficiency

20/02/2023 | ± 3 Minutes of Reading

On February 17th, the Porto Innovation Hub hosted the event “Local Green Bonds – Challenges and Opportunities”, which shed light on the implementation of Local Green Bonds in the United Kingdom. The Green Finance Institute shared their experience, making this initiative a great success.

The event included a round table discussion featuring GoParity, Deloitte, the Municipal Support Fund, and the Business Council for Sustainable Development (BCSD). These entities shared their insights and experiences, offering their visions for implementing this innovative financing mechanism in Portugal.

In essence, “Local Green Bonds” provide local authorities with a means to finance energy efficiency projects while leveraging local private investment. This approach encourages the active participation of local citizens and businesses in projects to be implemented in their respective municipalities.

The UK Embassy and the Porto Energy Agency (AdEPorto) co-organized the event, with support from the Porto Energy Hub. Overall, the event was a resounding success and a remarkable opportunity to explore the challenges and opportunities presented by Local Green Bonds.