In addition to this, people will be given the chance to buy Green Savings Bonds, a new product available through NS&I, which will give people the chance to support the government’s green projects, while receiving a fixed rate of 0.65% gross/AER pa* on their savings over a three-year term. In the summer, the UK government announced a £15bn green finance plan to help accelerate Britain’s transition to a greener economy and create more green jobs through gilt markets. In recent years, the idea of a green revolution, which could power economic growth around the world, has moved from talk to action.
So it makes sense that many people are now also thinking about “green investing” – that is, investing with banks and financial companies that support environmentally friendly products and projects.Įnter Green Savings Bonds, a new financial product supporting not just one green project, but a raft of measures to help reach the UK’s net zero target. Research has consistently shown that tackling the climate crisis is a top concern for both generations. “For me, it basically means putting my money where my mouth is,” he adds. “ is a big part of today’s lifestyle, especially among millennials and gen Z,” says Gabriele Musella, 37, a fintech entrepreneur. From cycling more to buying local produce, many people are trying to live in a more environmentally friendly way.
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