Namibia Says EU Initiative’s Delay Affects Green-Bond Plans
- EU set up GGBI in 2023 to help African nations with issuances
- GGBI is experiencing delays in achieving financial close
Solar panels outside Walvis Bay, Namibia.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Namibia has delayed plans to sell green bonds to fund renewable energy and hydrogen projects due to setbacks with a European Union initiative set up to help developing markets with issuances.
The EU started its Global Green Bond Initiative last year as the continent seeks to finance its energy transition.