For the fourth time in three years, Ontario is offering a green bond to raise money for environmentally friendly projects across the province. Ontario is the first Canadian province to issue green bonds.
The bond will raise $1 billion, the largest green bond offering by any Canadian province. Previous offerings were over-subscribed.
As with its earlier green bond issues, Ontario has earmarked a number of eligible projects to receive the proceeds. Those projects include clean energy transportation, energy efficiency and conservation. A total of 13 projects have received or will receive funding from Ontario’s previous three green bond issues, with the majority of the funding allocated towards clean transportation projects.
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