Andina

Peru: Green bonds to promote environment-friendly projects

Parque Nacional del Manu. Foto: ANDINA/Difusión.

Parque Nacional del Manu. Foto: ANDINA/Difusión.

08:00 | Lima, May. 1.

Deputy Minister for Strategic Development of Natural Resources Lucia Ruiz highlighted the launch of the Green Bonds Issuance Guideline in Peru, as it will boost environment-friendly projects and tackle climate change.

According to Ruiz, countries around the world are facing the risks and climate change impacts on their economies' growth.

"We are not the exception, and that is why we, as a country, are oriented towards green growth. In other words, with sustainable investments, environment-friendly projects, and good business practices," she noted.

Likewise, the official stressed the climate commitment and joint work undertaken —by the UK Government, Lima Stock Exchange (BVL), and civil society— to prepare this document, which synthesizes guidelines and best international practices, so that public and private institutions take them into account for green bonds issuance in the Peruvian stock market.

The presentation was held at Lima Stock Exchange, in the presence of BVL Chairman Marco Antonio Zaldivar, Lord Mayor of the City of London Charles Bowman, Mexico2 General Manager Eduardo Piquero, plus Country Head and Principal Investment Officer at International Finance Corporation (IFC) Marc Tristant. 

Financed by the British Embassy in Lima, these guidelines were elaborated by the BVL, in cooperation with Mexico2 and A2G companies. 

Zaldivar remarked the document seeks to promote the local development of investment projects that positively impact on national economic growth, as well as on environmental sustainability.

For his part, Piquero said Peru relies on great potential for the development of this type of financial documents since it can finance projects related to renewable energy, clean transport, waste management, and efficient water management, among others. 

(END) NDP/JAA/MVB

Published: 5/1/2018
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