France has issued a €7-billion green bond to channel investments to green assets. France is the second country to enter the green bond market, after Poland issued a €750-million green bond last December. This green bonds are expected to become an integral part of France’s 2°C strategy.
The proceeds from this bond will be used to finance expenditures in the following six green sectors: energy-efficient (EE) buildings, EE transport, renewable energy, living resources, climate adaptation, and pollution control and eco-efficiency. France has developed a Green OAT (Obligations Assimilables du Trésor) framework to enable the France Trésor to issue a Green OAT. This framework, outlined in the Energy and Ecological Transition for Climate (TEEC), describes in detail the use and management of proceeds