Barclays to Invest at Least 1 Billion Pounds in Green BondsLouise Downing
Barclays Plc said it plans to invest at least 1 billion pounds ($1.6 billion) in green bonds by November next year.
Barclays will buy the debt that’s designed to raise money for low-carbon projects from issuers including the World Bank, it said today in an e-mailed statement. Its current green-bond portfolio is worth about 430 million pounds.
“The participation of strategic investors such as Barclays in the green-bond market will continue to bring scale and diversity to the market and help mobilize more capital for climate-friendly projects,” Madelyn Antoncic, vice president and treasurer at the World Bank, said in the statement.