Investors see the U.K. achieving lower borrowing costs through green bonds, after the government laid out plans for the world’s largest sale of such debt to fund projects from hydrogenpower to flood defences.Britain’s new framework comes ahead of planned green bond sales of at least 15 billion pounds ($20.7 billion) this fiscal year. That’s probably the most ambitious green sovereign bondplan of any major country, U.K. Chancellor of the Exchequer Rishi Sunak told Bloomberg TV.It “will certainly be the largest,” Sunak said in an interview Thursday. “There are features about our reporting which are unique,” he added, referring to the rulebook published onWednesday.
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