Katarzyna Szwarc, the plenipotentiary of the Minister of Finance for capital market development strategy, announced that conclusions and recommendations regarding the development of the green bond market in Poland are to be presented this year.
Green bonds is a debt financial instrument from which the funds obtained from their issuance are used for environmental purposes, i.e. minimizing the negative impact on the environment and the natural environment.
Poland was a forerunner in this matter. At the end of 2016, it made the world’s first green treasury bond issue on international markets. Currently, more and more companies and local governments are interested in their issue.
The first Polish city to issue green bonds was Grudziądz. In 2020, PLN 63 million was obtained in this way. The money was spent on water and sewage investments. In March this year Łódź authorities have announced that they intend to obtain PLN 50 million as part of the green bond issue, which will be allocated to the construction of storage reservoirs and the reconstruction of one of the streets.
The plenipotentiary of the Minister of Finance announced that conclusions and recommendations regarding the development of the green bond market in Poland should be developed this year. In addition, she added that a draft regulation of equity crowdfunding will be published in the second half of the year. As she pointed out, this is an element of the capital market strategy, and crowdfunding itself can be helpful in the implementation of the so-called green investments.