|Asset Classes||Impact bonds & Sovereign bonds|
|Impact strategy||Impact Equities and Bonds|
|Aligned with SDGs|
Italy has issued this green bond to finance projects that help meet its target of carbon neutrality by 2050. The green bond finances projects in several categories, among which renewable electricity, energy efficiency, transport, pollution prevention and circular economy, protection of the environment and biodiversity. Transport and energy efficiency require funding the most, with expenditures for railways, public transport and bicycle lanes, tax incentives for the purchase of electric vehicles, and for energy efficiency measures in real estate. Other projects in the green bond with significant positive impact are reforestation, and protection and conservation of ecosystems and national parks.