Ontario has successfully issued its second green bond, raising $750 million to support environmentally friendly, low-carbon infrastructure projects.
Proceeds from the bond will help fund eight projects, improving transit, education, health care and creating jobs in communities across Ontario.
Ontario is making the largest infrastructure investment in the province's history - more than $134 billion over 10 years, which is making 110,000 jobs possible every year across the province, with projects such as roads, bridges, transit systems, schools and hospitals.
Green bonds help support Ontario's efforts to fight climate change, alongside initiatives including the province's Climate Change Strategy, working with industry and other partners on the design of a cap and trade program, ending coal-fired electricity generation and electrifying and improving Ontario's commuter rail network.
Utilizing innovative financing tools like green bonds is part of the government's plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in the province's history, creating a dynamic, supportive environment where business thrives and building a secure retirement savings plan.