Serbia, Country sets legal framework for green bonds issuance

Serbian Government has adopted the legal framework for the issuance of green bonds, which aims to provide financing for projects that contribute to environmental sustainability, such as renewable energy projects.en

The statement by the Government reads that, by adopting this document, Serbia has become the first Balkan country to publicly declare its commitment to promoting awareness of environmental, social and corporate governance of projects that contribute to climate change mitigation and environmental protection. This will enable Serbia to access the global capital markets in ESG format.

Green bonds, whose market has been developing more and more in recent years, represent a relatively new form of project financing in the field of climate change mitigation, thanks to the increase of investors’ climate awareness and the demand for investment in this type of financing.