Reuters reported on Monday that the Hungarian National Bank may buy local government-issued green bonds, depending on market conditions.
“The National Bank of Hungary announces its commitment to purchase green government securities as part of its property acquisition program Under similar conditions to any other treasury bonds, the bank responded to Reuters’ questions.
Hungary Bank and NBP in green papers.
“NBH is ready to purchase these tools to the extent necessary to ensure stable market conditions” – Bank added.
In April, the Hungarian government plans to issue 30-year green bonds in the national currency.
NBP leader Adam Klaubiski, at a press conference on April 9, stressed the NBP’s role in modernizing Poland’s energy, and in the context of the government’s release of green bonds.
“Of course, I can only imagine that one day the government will raise some financial resources for the purposes of a policy called green bonds, that is, to reduce the pollution of bonds, or to release some other. Environmental issues to regulate. These bonds will be in the market and banking system, and of course the role of the NBP will then appear. We are committed to properly regulating this bond market and creating conditions for stability there. Our role will be as fundamental as funding shields – we would not be able to realize these shields without it. Similarly, if there are any large-scale bonds, “Klabiski said.
“The legal function of the central bank is not to fight the climate or to oppose it in any way by the force of nature or by using the energy of nature or such things. To a large extent it is an ideology, some conferences, seminars and a fashion to talk about it. There are active goals – the action will change, and then we will change the way we act. This should ensure price stability as long as it does not limit the primary purpose of supporting the government’s economic policy. This is where green energy comes in, “he added.