Nov 02, 2018
Published November 2, 2018 – In an effort to expand on environmentally and socially responsible investments, J.P. Morgan helped the Republic of Ireland raise EUR 3 billion ($3.5B) in its first green bond for projects to address climate change. Proceeds will help the country to cut carbon emissions and become more sustainable by boosting use of renewable energy, introducing more electric vehicles and reducing water waste.
“J.P. Morgan was proud to lead this transaction for Ireland, a milestone for Irish green finance and testimony to its commitment to making the transition to a low carbon, climate resilient and environmentally sustainable economy,” said Marilyn Ceci, head of J.P. Morgan’s Green Bonds.
Ireland is now the fourth European sovereign following Poland, France and Belgium to issue environmentally-related debt. The bond sale speaks to the rising demand for socially-responsible investments – a market estimated to be worth almost $23 trillion.