So therefore I am remarking:
All those who now suggest that people would not want to save in the Green New Deal bonds that Colin Hines and I have promoted have this uncomfortable evidence that there is massive demand f0r green savings products to contend with.
£10 billion of green gilts sold. But one should never reason from a manipulated price:
The Bank of England said on Friday that it intended to buy new green gilts which will be issued by Britain’s government later this year as part of its asset purchase programme, treating them similarly to other government debt.
Britain’s government plans to issue at least 15 billion pounds ($20.6 billion) of new debt this financial year which is specifically designed to capitalise on investor demand for bonds whose proceeds are ring-fenced for environmental investments.
“In response to questions from market participants, the Bank of England confirms that green gilts will have equivalent eligibility to existing gilts in its market operations,” it said in a statement.
The Bank of England buying green gilts is not great evidence of wider market desire for green gilts.