Green Bond Baden-Württemberg

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Baden-Württemberg issued the first edition of the "Green Bond Baden-Württemberg" in March 2021. The proceeds will be used to refinance ecologically sustainable projects and plans.

Three examples of expenditure areas which will be assigned to the Green Bonds over several years illustrate the state's activities for combating climate change and adapting to the consequences thereof:

  • With extremely energy-efficient new construction projects whose primary energy consumption lies more than 20 percent below the standard stipulated by the Energy Saving Ordinance, additional greenhouse gas emissions are avoided in new buildings in comparison to conventional new building construction.
  • The funding of municipal broadband investments will create the basis for changing mobility behaviour - be it by means of home office working or telemedicine.
  • Silvicultural measures will help forest owners to make their forests resistant to climate change and support reforestation, which will make a direct contribution to protecting the climate.

The state is also making important contributions to the environmental goals of biodiversity in the Black Forest National Park, for example, and also the circular economy by avoiding environmental pollution and with sustainable water and wastewater management. More details about the annually allocated expenditure can be found in the respective allocation report.

„For years, we have focused on investments in environment and climate protection. We are giving the capital market the opportunity to participate in this directly with our Green Bond.“
Finance Minister Edith Sitzmann

The Green Bond creates transparency about expenditure which contributes to the six environmental goals that have been defined by the relevant EU legislation as a condition for ecologically sustainable economic activity (so-called "EU taxonomy").

The rules for selecting the projects and the resulting project list are checked annually by an external agency (second party opinion). An impact report is then published annually for all of the current Baden-Württemberg Green Bonds and the measures that they contain in accordance with a uniform methodology.

The underlying set of rules ("Green Bond Framework") is based on the EU Green Bond Standard. It can be found at: