Namibia Says EU Initiative’s Delay Affects Green-Bond Plans (1)

Namibia has delayed plans to sell green bonds to fund renewable energy and hydrogen projects due to setbacks with a European Union initiative set up to help developing markets with issuances.

The EU started its Global Green Bond Initiative last year as the continent seeks to finance its energy transition.

While Namibia’s Environmental Investment Fund has prepared for the initiative, the country hasn’t finalized its timeline for issuing its own sovereign green bonds due to delays in the financial close of the EU’s GGBI, Finance Minister Iipumbu Shiimi said in emailed responses to questions Wednesday.

“This delay has affected the ...