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Kaohsiung first in Taiwan to issue NT$2B green bonds
Kaohsiung City Government’s Finance Bureau has become the first in Taiwan to be granted the qualification to issue green bonds, with a total amount of NT$2 billion. This move is expected to save on interest payments and enact sustainable environmental practices without increasing the city’s debt. The green bonds will fund green investment projects, encompassing renewable energy development, enhanced energy efficiency, and reduction of greenhouse gas emissions. These bonds, totaling NT$2 billion, will utilize their low, fixed interest rates to replace existing higher-interest bank loans, ensuring resources are invested in low-carbon construction. Under Mayor Chen Chi-mai’s leadership, the city has reduced its debt by NT$10.6 billion by the end of 2022, surpassing the goal of a NT$10 billion reduction. Kaohsiung aims to continue strengthening its financial and environmental sustainability and implement comprehensive net-zero policies as it works toward a 2050 net-zero goal.2023/12/20 19:38