Summary
The Kingdom of Belgium issued a EUR 4.5 billion green government bond (OLO) to finance climate and environmental projects, with a primary focus on clean transport.
Key insights
- The Kingdom of Belgium issued a green government bond (OLO) totaling EUR 4.5 billion (USD 5.5 billion), which at the time of issuance was the second largest single green bond and the second largest sovereign green bond, following the French EUR 9.7 billion green OAT.
- The proceeds from the bond are primarily allocated to clean transport, accounting for 85% of the total, with EUR 2.2 billion specifically designated for railway projects and domestic passenger trains for the benefit of SNCB, as stated by the Belgian Debt Office.
- Beyond transport, the Green OLO Framework identifies eligible categories for funding including renewable energy, circular economy, energy efficiency, living resources, land use, and federal state expenditures that support Belgium's climate policy objectives.
Cite the original document
- APA
- Climate Bonds Initiative (2018). Kingdom of Belgium. https://www.climatebonds.net/files/drupal-files/files/2018-03%20BE%20Kingdom%20of%20Belgium.pdf
- Chicago
- Climate Bonds Initiative. Kingdom of Belgium. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-03%20BE%20Kingdom%20of%20Belgium.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Kingdom of Belgium |date=5 March 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-03%20BE%20Kingdom%20of%20Belgium.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2018kingdom, author = {{Climate Bonds Initiative}}, title = {{Kingdom of Belgium}}, institution = {Climate Bonds Initiative}, year = {2018}, month = mar, url = {https://www.climatebonds.net/files/drupal-files/files/2018-03%20BE%20Kingdom%20of%20Belgium.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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