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Treasury’s green savings bond offers ‘paltry’ incentive for helping planet
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The government’s green bond promises savers they will be able to “make the world greener, cleaner and more sustainable”. But what they won’t make is a return on their investment that beats other options on the market.
When it was launched last month, the bond, from National Savings & Investments (NS&I), was described as a world first – people can invest money that is 100% secure and will be used for government spending on sustainable projects, such as cleaner transport and renewable energy.
However, the return on your investment is just 0.65%, fixed for three years – a figure dubbed as “paltry” by the opposition and analysts.
“This suggests to savers that green investments are less rewarding financially, when many studies have shown that this
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