Tuesday, November 30, 2021

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Moscow finances part of its electric buses with green bonds

Moscow finances part of its electric buses with green bonds

Moscow, Oct 7 (Prensa Latina) Moscow's Department of Transport on Thursday informed that issuing green bonds allowed financing 25 percent of its electric bus fleet, the largest one in Europe according to local authorities.
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‘The 800th electric bus, which is also the 200th vehicle financed with green bonds,’ began to run Moscow streets, the mayor’s office of this capital announced, according to Sputnik news agency.

In April, Kamaz, the largest Russian manufacturer of heavy vehicles, inaugurated in this capital’s northeast region an assembly line for these busses, which are among the most modern ones globally, Moscow Mayor Sergey Sobyanin said.

Sobyanin stated that these eco-friendly and low-floor city busses are equipped with satellite navigation systems, USB ports, information screens and climate control system (heating and air conditioning, depending on the season of the year).

Green bonds are used to finance or refinance green projects, that is, investment by public or private institutions in sustainable and socially responsible assets, in areas as diverse as renewable energy sources, energy efficiency, clean transportation and waste management.

The city is the country’s largest commercial and industrial center and ranks 27th on the global air quality index.

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