Jamaica on Monday, October 7, was given the go-ahead to list the first-ever Caribbean green bond on the stock market.
Prime Minister Andrew Holness, who is in the Republic of Korea, made the announcement while speaking at the Green Climate Fund Private Investment for Climate Conference (GPIC) luncheon yesterday.
The PM also tweeted saying “Jamaica as of today has the best investment environment in the Caribbean.”
The green bond will be used to raise money to fund environment-friendly projects and according to PM Holness it “will place Jamaica as the Caribbean country of choice to conduct climate-smart & sustainable business.”
The news has sparked many discussions on Twitter with some commending the Holness Administration and others unsure as to what the green bond is.
Green bonds are designated bonds intended to encourage sustainability and to support climate-related or other types of special environmental projects such as energy, pollution, agriculture, water management among others.