The U.K. will offer its first green savings bonds to retail investors from Friday, betting citizens are willing to sacrifice returns to fund the country’s efforts to mitigate climate change.
The savings bonds will finance projects including renewable energy, greener transport and climate change adaptation, according to a statement from NS&I, a state-backed savings bank. The money will need to be tied up for three years and will pay a fixed 0.65% rate of interest.
