Plaid Cymru has called for a Welsh Green Bond to enable capital investment in the Welsh economy.
Llyr Gruffydd MS, Plaid Cymru’s spokesperson on finance said that green bonds could be issued for new or existing projects which deliver environmental benefits.
The result, said Mr Gruffydd, is that it would allow the Welsh government to fund decarbonisation methods, and in turn retain a greater share of savings in Wales.
On 9 November, the Chancellor of the Exchequer announced plans for the UK to issue its first green gilt in 2022.
Plaid Cymru’s spokesperson for Finance, Llyr Gruffydd MS said,
“There is so much potential in Wales – in our landscape and our natural resources – and the key will be how we tap into that.
“A Welsh Green Bond would allow investment in our environment, economy, and infrastructure, and allow us to fund decarbonisation efforts.
“To do that, we must seek the powers necessary to fully realize the environmental and economic benefits of our natural resources. Welsh Government must seek the full devolution of energy powers and powers over the crown estate.
“The resources of Wales should be governed by the government of Wales, for the people of Wales, and a Welsh Green Bond would allow us to retain a greater share of savings in Wales.”
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