Ottawa (Rajeev Sharma): The Government of Canada announced on Monday that it will launch its sixth issuance of Canadian-dollar-denominated green bonds this week, subject to market conditions, as part of its ongoing push to finance climate-friendly growth.
For the upcoming issuance, the government plans to introduce a new 10-year green bond. The move follows strong investor demand seen in previous offerings, including a $1-billion 30-year green bond issued in October 2025 and a $1.5-billion re-opening of a 7-year bond first launched in February 2025.
Canada’s green bond program, introduced in March 2022, is designed to support investments in clean growth, renewable energy, climate action and environmental protection. The program aims to attract private capital to accelerate projects such as green infrastructure development and nature conservation.
The federal government said it remains committed to regular green bond issuances, noting that projects funded through these bonds are expected to contribute to economic growth and job creation across the country. Mobilising capital through green bonds is a key component of Canada’s strategy to achieve net-zero greenhouse gas emissions by 2050.
Backed by Canada’s AAA credit rating, the green bonds are intended to meet growing investor demand for sustainable investment opportunities while strengthening sustainable finance markets in Canada and globally.
Quick facts:
Canada has issued $15.5 billion in green bonds since March 2022 through five previous transactions, with maturities ranging from seven to 30 years. Budget 2025 outlined the government’s Climate Competitiveness Strategy to attract investment for an affordable net-zero future and enhance the global competitiveness of Canadian businesses.
In June 2025, the government released its Green Bond Allocation and Impact Report 2023-24, continuing its practice of annual reporting until the full allocation of bond proceeds is completed. These reports outline eligible green expenditures as well as environmental and social impacts where data is available.
In November 2023, Canada updated its Green Bond Framework to include certain nuclear expenditures, reflecting the government’s position that nuclear energy is a clean and essential technology for achieving net-zero emissions. Canada became the first sovereign issuer to include nuclear projects within a green bond framework.
Canada’s Green Bond Framework aligns with international standards and is consistent with frameworks used by other sovereign issuers, including France, Germany, Sweden, Spain, Italy and the United Kingdom.
