While Canada’s most populous province continues its heated transit funding debate, Premier Kathleen Wynne recently suggested green bonds as a potential revenue tool. Don Curren sheds light on the bonds and how they might get transit projects rolling.
“When Ontario Premier Kathleen Wynne said Wednesday the province might issue ‘green bonds’ to help fund transit projects, she set the stage for Canada’s most populous province to do some trail blazing,” writes Don Curren.
“Green bonds,” he continues, “are similar to other bonds in that they’re debt instruments which issuers sell to investors in return for interest over the life of the bond and return of principal by the time the bond matures.”
“What makes green bonds different is that the issuer, whether it’s a government body or a private-sector corporation, guarantees the funds raised through the offering are dedicated to a specific project or initiative that’s positive for the environment.”
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