Release of Nature Performance Bonds by Climate Change Ministry
Islamabad: According to our sources, the Federal Ministry of Climate Change will release Nature Performance Bonds on January 11 to support the budget. In addition, the ministry has devised measurable performance indicators. It includes safeguarding forests and wetland areas, as well as eliminating risks to animals.
The revenues from the sale of bonds will be used for the expansion of the operations. Additionally, the government disclosed that the concept of green bonds is founded on environmental factors. Many nations will initiate the debate with the intention of issuing Nature Performance Bonds.
The government has previously issued $500 million worth of 10-year Indus Green Bonds.
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