Dáil Éireann Debate, Tuesday - 23 July 2019
167. Deputy Pearse Doherty asked the Minister for Finance if €1 billion of the €3 billion raised in green bonds sales has not yet been allocated to green expenditure, if all of the €3 billion is included in general government debt; and if the uncommitted €1 billion is, effectively, unallocated expenditure. [31604/19]
Amharc ar fhreagraThe NTMA raised €3 billion through the inaugural issue of Irish Sovereign Green Bonds (ISGB) last October. This debt is part of the Gross General Government debt outstanding. The full proceeds of this issuance were paid into the Central Fund. An amount equivalent to the proceeds raised will be applied towards eligible green categories of expenditure as set out in the ISGB Framework. Of that amount, €1.95 billion has been allocated to eligible green projects across 2017 and 2018 (as set out in the recently published Irish Sovereign Green Bond Allocation Report), leaving €1 billion which had yet to be allocated at end-2018. It is expected that this will be allocated to eligible green categories of expenditure this year.
