Green building in Johannesburg has received a boost with the listing of the first green bond on the JSE by the City of Johannesburg, making South Africa’s largest metropole the first C40 Cities Climate Leadership Group member to issue a green bond.
The R1.46-billion green bond, referred to as COJGO1, would be used to fund climate change mitigation strategies, particularly those that advance the use of gas and natural energy and promote the development of low-carbon infrastructure.
Green Building Council of South Africa CEO Brian Wilkinson lauded the announcement, saying it was “exciting” to see the City of Johannesburg and the JSE applying strategy and innovation to ensure the city’s sustainability and its increased energy-efficient operation.
“The green leadership that this bond represents is commendable. We encourage cities and towns throughout South Africa to consider green solutions, which will allow them to benefit from greater environment sustainability,” he added.