July 8, 2019 |
The U.N. is sponsoring a new green bonds financing scheme to help foster sustainable soy production in Brazil.
The Responsible Commodities Facility will provide $1bn in low-interest credit lines over the next four years to Brazilian soy and corn farmers who avoid using native grassland and clearing forests for farm production. The facility could help fund the production of more than 180 million tonnes of soy and corn.
An initial $300m bond issuance is planned to take place during the 2020 plan
Initiative includes a facility to offer green bonds to help finance low-interest credit lines to Brazilian farmers